The board of directors of Bangladesh Submarine Cable Company Limited (BSCCL) has recommended 5.0 per cent cash dividend for the year ended on June 30, 2018, said an official disclosure on Sunday.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 08 at 11:00am at the Trust Milonayaton in Dhaka.
The record date is October 18, 2018.
The state-run company has also reported earnings per share (EPS) of Tk 0.44, net asset value (NAV) per share of Tk 35.68, and net operating cash flow per share (NOCFPS) Tk 4.07 for the year ended on June 30, 2018 as against Tk 1.93, Tk 36.44, and Tk. 1.20 respectively for the corresponding period of the previous year.
The telecom sector company disbursed 12 per cent cash dividend for the year ended on June 30, 2017.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2012, closed at Tk 85.40 on Thursday last.
The company’s paid-up capital is Tk 1.64 billion and authorised capital is Tk 10 billion, while the total number of securities is 164.90 million.
The government own 73.84 per cent stake in the company, while institutional investors 14.19 per cent, foreign 2.0 per cent, and the general public 9.97 per cent as on August 30, 2018, the DSE data shows.
