The board of directors of Eastern Housing Limited (EHL) has recommended 25 per cent cash dividend for the year ended on June 30, 2018, said an official disclosure on Tuesday.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 08 in Dhaka.
The record date is on October 11, 2018.
The company has also reported earnings per share (EPS) of Tk 3.48, net asset value (NAV) per share of Tk 60.15 and net operating cash flow per share (NOCFPS) of 9.46 for the year ended on June 30, 2018 as against Tk 2.33, Tk 58.87 and Tk 12.03 respectively for the same period of the previous year.
The EHL disbursed 22 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 following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1994, closed at Tk 50.20 on Monday at DSE.
The company’s paid-up capital is Tk 933.45 million and authorised capital is Tk 2.0 billion, while the total number of securities is 93.34 million.
The sponsor-directors own 50.09 per cent stake in the company, institutional investors 34.98 per cent and the general public 14.93 per cent as on August 31, 2018, the DSE data shows.
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