Navana CNG recommends 15pc cash div

| Updated: October 25, 2017 05:34:41

Navana CNG recommends 15pc cash div

The board of directors of Navana CNG has recommended 15 per cent cash dividend for general shareholders only (excluding sponsors/directors) for the year ended on June 30, 2017, said an official disclosure on Sunday. 

The sponsors/directors hold 2,91,16,427 shares out of total 6,85,28,592 shares of the company and general shareholders will get cash dividend of Tk. 5,91,18,247.50. 

The final approval of dividend will come during the annual general meeting (AGM), scheduled to be held on December 11 at 11:00am in Dhaka. 

The record date for entitlement of dividend is on November 13, 2017. 

The company has also reported earnings per share (EPS) of Tk 3.03, net asset value per share (NAV) per share of Tk 33.62 and net operating cash flow per share (NOCFPS) of Tk 1.43 for the year ended on June 30, 2017 as against Tk. 3.36, Tk. 31.40 and Tk. 0.09 respectively for the same period of the previous year. 

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

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 69 each on Thursday last at Dhaka Stock Exchange (DSE). 

The company’s paid-up capital is Tk 685.28 million and authorised capital is Tk 1.50 billion while total number of securities is 68.52 million. 

The sponsor-directors own 42.49 per cent stake in the company, institutional investors own  22.22 per cent the general public 35.29 per cent as on September 30, 2017, the DSE data shows.

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