The board of directors of Bangladesh Steel Re-rolling Mills (BSRM) has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 03 in Chattogram, said an official disclosure on Wednesday.
The record date is October 21, 2018.
The company has also reported consolidated earnings per share (EPS) of Tk 12.95, consolidated net asset value (NAV) per share of Tk 63.70 and consolidated net operating cash flow per share (NOCFPS) of minus Tk 37.39 for the year ended on June 30, 2018 as against Tk. 3.53, Tk. 55.75 and minus Tk. 32.48 respectively for the same period of the previous year.
In 2017, the company also disbursed 10 per cent cash and 10 per cent stock dividend.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2015, closed at Tk 99 on Tuesday.
The company’s paid-up capital is Tk 2.14 billion and authorised capital is Tk 5.0 billion, while the total number of securities is 214.60 million.
The sponsor-directors own 40.94 per cent stake in the company, institutional investors 17.03 per cent, foreign 20.60 per cent and the general public 21.43 per cent as on August 31, 2018, the DSE data shows.
