JMI Syringes & Medical Devices Ltd has recommended 30 per cent cash dividend for the year ended on June 30, 2019, 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 November 23 at 11:30am at Sky City Hotel in Dhaka.
The record date is on October 13, 2019.
Each share of the company, which was listed on the Dhaka bourse in 2013, closed at Tk 435.20, soaring 10.85 per cent on Sunday following the corporate declaration news. It was also the day's highest gainer.
The company has also reported earnings per share (EPS) of Tk 6.05, net asset value (NAV) per share of Tk 68.74 and net operating cash flow per share (NOCFPS) of Tk 36.38 for the year ended on June 30, 2019 as against Tk 6.86, Tk 71.27 and Tk 13.64 respectively for the same period of the previous year.
In 2018, the company also disbursed 30 per cent cash dividend.
The company's paid-up capital is Tk 221 million and authorised capital is Tk 1.0 billion, while the total number of securities is 22.10 million.
The sponsor-directors own 79.66 per cent stake in the company, institutional investors own 2.75 per cent and the general public 17.59 per cent as on August 31, 2019, the DSE data shows.
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