Samorita Hospital recommends 10pc cash, 10pc stock dividend

| Updated: October 26, 2017 12:03:52

Samorita Hospital recommends 20pc dividend

The board of directors of Samorita Hospital Limited has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 21 at 11:00am in Dhaka.

The record date for entitlement of dividend is on November 16.

The company has also reported earnings per share (EPS) of Tk 2.34, net asset value (NAV) per share of Tk 52.30 and net operating cash flow per share (NOCFPS) of Tk 4.45 for the year ended on June 30, 2017 as against Tk. 2.06 (restated), Tk. 50.87 (restated) and Tk. 3.56 (restated) respectively for the same period of the previous year.

In 2016, the company also disbursed 10 per cent cash and 10 per cent stock dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 1997, closed at Tk 90.40 each on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 163.42 million and authorised capital is Tk 200 million, while the total number of securities is 16.34 million.

Sponsor-directors own 37.43 per cent stake in the company, while institutional investors own 21.36 per cent, foreign 0.01 per cent and the general public 41.20 per cent as on September 30, 2017, the DSE data shows.

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