KDS Accessories recommend 10pc cash, 5.0pc stock div

| Updated: October 22, 2017 11:59:16

KDS Accessories recommend 10pc  cash, 5.0pc stock div

The board of directors of KDS Accessories has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Tuesday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on October 31 at 11:00am at Chittagong Boat Club in Chittagong.

The record date for entitlement of dividend is on October 11, 2017. The company has also reported earnings per share (EPS) of Tk 2.20, net asset value per share (NAV) of Tk 24.80 and net operating cash flow per share (NOCFPS) of Tk 2.80 for the year ended on June 30, 2017 as against Tk. 2.14 (restated), Tk. 25.37 and Tk. 2.50 respectively for the year ended on June 30, 2016.

In 2016, the company disbursed 5.0 per cent cash dividend and 10 per cent stock dividend. There will be no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 77.70 on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 572 million and authorized capital is Tk 2.0 billion while total number of securities is 57.20 million.

The sponsor-directors own 78.93 per cent stake in the company, institutional investors own 6.32 per cent and the general public own 14.73 per cent as on August 31, 2017, the DSE data shows.


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