The Peninsula Chittagong recommends 5pc cash dividend

| Updated: October 22, 2017 21:05:16

PCL  recommends 5pc cash div

The board of directors of The Peninsula Chittagong Limited has recommended 5.0 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.

The final approval of the dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 7 at 10.00am at Chittagong Club Limited, SS Khaled Road, Lalkhan Bazar, Chittagong.

The record date for entitlement of dividend is on November 11, 2017, according to the DSE website.

The company has also reported earnings per share (EPS) of Tk 0.53, net asset value per share (NAV) per share of Tk 30.68 and net operating cash flow per share (NOCFPS) of Tk 0.74 for the year ended on June 30, 2017 as against Tk 0.83, Tk 31.16 and Tk 0.56 respectively for the same period of the previous year.

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

There will be no price limit on the trading of the shares of the company on Monday following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2014, closed at Tk 23.80 on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.18 billion and authorised capital is Tk 3.0 billion while total number of securities is 118.67 million.

The sponsor-directors own 38.48 per cent stake in the company, institutional investors own 15.23 per cent, foreign 0.38 per cent and the general public own 45.90 per cent as on September 30, 2017, the DSE data shows.

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