The board of directors of Premier Leasing & Finance has recommended 5 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting scheduled to be held on May 14 in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is April 26.
The Company has also reported consolidated earnings per share of Tk 1.12, consolidated net asset value per share of Tk 16.98 and consolidated net operating cash flow per share of Tk 12.05 for the year ended on December 31, 2017 as against Tk 1.24 (restated), Tk 12.95 and Tk 0.66 (restated) respectively for the same period of the previous year.
In 2016, the company also disbursed 5.0 per cent cash and 5.0 stock dividends.
There will be no price limit on the trading of the shares of the bank today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2005, closed at Tk 16 on Thursday last at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 1.20 billion and authorised capital is Tk 3.0 billion while the total number of securities is 120.60 million.
The sponsor-directors own 33 per cent stake in the company, while the institutional investors 25.14 per cent and the general public 41.86 per cent as on February 28, 2018, the DSE data shows.
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