The board of directors of United Finance has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 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 April 26 in Dhaka.
The record date for entitlement of dividend is March 18.
The company has also reported earnings per share (EPS) of Tk 1.44, net asset value (NAV) per share of Tk 16.95 and net operating cash flow per share (NOCFPS) of Tk 0.45 for the year ended on December 31, 2017 as against Tk 1.76, Tk 16.47 and Tk 3.72 respectively for the same period of the previous year.
In 2016, the company also disbursed 10 per cent cash and 5.0 per cent stock dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1994, closed at Tk 21.30 Thursday last at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1.78 billion and authorised capital is Tk 3.0 billion, while the total number of securities is 178.20 million.
The sponsor-directors own 52.48 per cent stake in the company, while institutional investors own 26.70 per cent, foreign 0.83 per cent and general public 19.99 per cent as on January 31, 2018, the DSE data shows.
