GBB Power recommends 5.0pc cash, 5.0pc stock dividend

| Updated: October 26, 2017 11:33:33

GBB Power recommends 10pc dividend

The board of directors of GBB Power Limited has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 26 at Conference Hall, Hotel Naz Garden in Bogra.

The record date for entitlement of dividend is on December 3, 2017.

The company has also reported earnings per share (EPS) of Tk 1.15, net asset value per share (NAV) of Tk 21.06 and net operating cash flow per share (NOCFPS) of Tk 1.48 for the year ended on June 30, 2017 as against Tk. 0.92, Tk. 20.41 and Tk. 1.88 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company on today (Wednesday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2012, closed at Tk 19.90 each on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 969.56 million and authorised capital is Tk 2.0 billion, while the total number of securities is 96.95 million.

Sponsor-directors own 30.01 per cent stake in the company, while institutional investors own 12.02 per cent, and the general public 57.97 per cent as on September 30, 2017, the DSE data shows.

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