Eastern Housing recommends 22pc cash dividend

| Updated: October 25, 2017 00:20:38

Eastern Housing recommends 22pc cash dividend

Eastern Housing Limited (EHL)’s board of directors recommended 22 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.


The final approval of dividend will come during the annual general meeting (AGM) scheduled on November 8 at 10:30am at RAOWA Convention Hall-3 Mohakhali in Dhaka.


The record date for entitlement of dividend is on October 11, 2017.


The company has also reported earnings per share (EPS) 2.33 and net asset value per share (NAV) per share of Tk 58.87 and net operating cash flow per share (NOCFPS) of Tk 12.03 for the year ended on June 30, 2017 which was Tk 2.06 (restated), Tk 64.45 (restated) and Tk (1.53) (restated) for the 11 months period from August 2015 to June 2016.


In 2016, the company disbursed 15 per cent cash dividend and 5.0 per cent stock dividend.


There will be no price limit on the trading of the shares of the company on Sunday following its corporate declaration.


Each share of the company, which was listed on the Dhaka bourse in 1994, closed at Tk 48.80 on Thursday last at Dhaka Stock Exchange (DSE).


The company’s paid-up capital is Tk 933.45 million and authorised capital is Tk 2.0 billion while total number of securities is 93.34 million.


The sponsor-directors own 50.09 per cent stake in the company, institutional investors own 26.51 per cent and the general public own 23.40 per cent as on August 31, 2017, the DSE data shows.

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