The board of directors of Prime Finance & Investment has recommended no dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
With this year, the non-bank financial institution failed to declare any dividend for its investors for the last five consecutive years since 2012 so far.
In 2012, the company disbursed 20 per cent stock dividend, the DSE data shows.
The company’s annual general meeting (AGM) will be held on June 28 at 10:30am at PSC Convention Hall, Police Staff College in Mirpur-14, Dhaka. The record date is on April 25.
The company has also reported consolidated earnings per share of minus Tk 1.68, consolidated net asset value per share of Tk 8.52, and consolidated net operating cash flow per share of Tk 3.27 for the year ended on December 31, 2017 as against minus Tk 3.48, Tk 10.21 and minus Tk 3.31 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the bank today (Wednesday) following its corporate declaration.
Each share of the “Z” category company, which was listed on the Dhaka bourse in 2005, closed at Tk 9.90 on Tuesday at the Dhaka Stock Exchange.
The company’s paid-up capital is Tk 2.72 billion and authorised capital is Tk 3.0 billion while the total number of securities is 272.91 million.
The sponsor-directors own 65.43 per cent stake in the company, while the institutional investors 9.38 per cent, foreign 0.18 per cent and the general public 25.01 per cent as on February 28, 2108, the DSE data shows.
