Renata recommends 105pc final dividend

| Updated: October 24, 2017 23:12:51

Renata recommends 105pc final dividend

The board of directors of Renata Limited has recommended 90 per cent final cash dividend and 15 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.

The total dividend will be 130 per cent cash dividend, inclusive 40 per cent interim cash dividend which has already been paid, and 15 per cent stock dividend for the year ended on June 30, 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 9 at 11:00am in Dhaka.

The record date for entitlement of dividend is on November 9, 2017.

The company has also reported consolidated earnings per share (EPS) of Tk 43.98, consolidated net asset value per share (NAV) per share of Tk 212.54 and consolidated net operating cash flow per share (NOCFPS) of Tk 60.09 for the year ended on June 30, 2017 as against Tk. 37.35, Tk. 179.66 and Tk. 32.02 respectively for the same period of the previous year.

Each share of the company, which was listed on the Dhaka bourse in 1979, closed at Tk 1,174.30 each on Thursday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 608.97 million and authorised capital is Tk 1.0 billion, while total number of securities is 60.89 million.

The sponsor-directors own 51.16 per cent stake in the company, institutional investors own  17.27 per cent, foreign 21.78 per cent and the general public 9.79 per cent as on September 30, 2017, the DSE data shows.

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