Rahim Textile recommends 15pc cash, 15pc stock dividend

| Updated: October 25, 2017 05:35:19

Rahim Textile recommends 30pc dividend

The board of directors of Rahim Textile Mills Limited has recommended 15 per cent cash and 15 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Monday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 27 in Dhaka at9:00am at Spectra Convention Centre in Dhaka.

The record date for entitlement of dividend is on November 14, 2017.

The company has also reported earnings per share (EPS) of Tk 6.61,  net asset value per share (NAV) per share of Tk 41.08 and  net operating cash flow per share (NOCFPS) of Tk 17.81 for the year ended on June 30, 2017 as against Tk 6.37 (restated), Tk 48.25 and Tk 32.66 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company on today (Monday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 1988 closed at Tk 338.90 each on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 67.98 million and authorised capital is Tk 500 million while total number of securities is 6.79 million.

The sponsor-directors own 74.56 per cent stake in the company, institutional investors own  0.97 per cent and the general public 24.47 per cent as on September 30, 2017, the DSE data shows.

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