The board of directors of Summit Alliance Port Limited has recommended 12.50 per cent cash dividend for the year ended on 30 June 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 10 at 11:30am at Summit Alliance Port Depot (West), Katghar, South Patenga in Chittagong.
The record date is 18 October 2018.
The company has also reported consolidated earnings per share (EPS) of Tk 0.62, consolidated net asset (NAV) per share of Tk 24.70 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.07 for the year ended on 30 June 2018 as against Tk 0.67, Tk 25.04 and Tk 1.26 respectively for the same period of the previous year.
The company disbursed 15 per cent cash dividend for the year ended on June 30, 2017.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2008, closed at Tk 24.50 on Sunday.
The company’s paid-up capital is Tk 2.23 billion and authorised capital is Tk 3.0 billion, while the total number of securities is 223.29 million.
The sponsor-directors own 58.99 per cent stake in the company, institutional investors 10.28 per cent, foreign 3.71 per cent and the general public 27.02 per cent as on August 30, 2018, the DSE data shows.
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