The board of directors of GSP Finance has recommended 23.50 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on March 14 at 11:30am at the Institution of Diploma Engineers, Bangladesh in Dhaka.
The record date for entitlement of dividend is February 25.
The company has also reported consolidated earnings per share (EPS) of Tk 3.08, consolidated net asset value (NAV) per share of Tk 25.24 and consolidated net operating cash flow per share (NOCFPS) of Tk (7.29) for the year ended on December 31, 2017 as against Tk 2.87, Tk. 24.36 and Tk (1.76) respectively for the same period of the previous year.
There will be no price limit on the trading of the company’s share trading today (Sunday) following its corporate declaration.
In 2016, the company disbursed 22 per cent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 2012, closed at Tk 30.80 on Thursday last at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.04 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 104.63 million.
The sponsor-directors own 35.58 per cent stake in company, while institutional investors own 15.92 per cent, foreign 10.39 per cent and the general public 38.11 per cent as on December 28, 2017, the DSE data shows.