Five cos declare dividend

The Board of Directors of five listed companies -- Eastern Bank, IDLC Finance, Prime Finance & Investment, S. Alam Cold Rolled Steels and IPDC have declared dividend, according to separate web posts on the Dhaka Stock Exchange (DSE) Thursday.
Eastern Bank: Eastern Bank Ltd (EBL) has recommended 20 per cent cash dividend for the year ended on December 31, 2014. The annul general meeting (AGM) will be held March 31 at 10:30am at the Unique Trade Centre (UTC), Convention Hall (Level-5), 8 Panthapath, Kawranbazar, Dhaka-1215. Record Date: 11.03.2015.
The Company has also reported consolidated EPS of Tk 3.50, consolidated NAV per share of Tk 33.11 and consolidated NOCFPS of Tk (20.39) for the year ended on December 31, 2014.
IDLC Finance: The board of directors of IDLC Finance Ltd has declared 10 percent cash dividend and 25 percent stock dividend for the year ended on December 31, 2014, said an office disclosure on Thursday.
The board also recommended to issue rights shares 1R:2 (i.e. 1 Rights share for every 2 Ordinary shares held) at an issue price of Tk 20 each (including a premium of Tk 10 per share) subject to the approval by the shareholders and regulatory authorities.
The AGM will be held on March 30 at 10am at the Utshab, Radisson BLU Dhaka Water Garden Hotel, Airport Road, Dhaka Cantonment, Dhaka 1206. Record Date: 09.03.2015.
The Company has also reported consolidated net profit of Tk 1,245.51 million, consolidated EPS of Tk 6.19, consolidated NAV per share of Tk 32.46 and consolidated NOCFPS of Tk (2.11) for the year ended on December 31, 2014 as against Tk 669.47 million, Tk 3.33, Tk 26.67 and Tk 9.70 respectively for the year ended on December 31, 2013.
Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from Bangladesh Securities & Exchange Commission (BSEC).
Prime Finance: The board of directors has recommended 12.50 per cent cash dividend for the year ended on December 31, 2014.
The AGM will be held on March 30 at 10:30am at the Bashundhara Convention Centre-02, Block-C, Umme Kulsum Road, Bashundhara R.A., Baridhara, Dhaka. Record Date: 09.03.2015.
The company has also reported consolidated net profit after tax of Tk 469.73 million, consolidated EPS of Tk 1.59, consolidated NAV per share of Tk 16.47 and consolidated NOCFPS of Tk 2.66 for the year ended on December 31, 2014.
S. Alam Clod Rolled Steels: The board of directors of S. Alam Clod Rolled Steels has recommended 15 per cent cash dividend for the year ended on September 30, 2014.
The AGM will be held on March 28 at 11am at the Shoronika(Community Center), 13, Love Lane, Chittagong. Record date: 09.03.2015.
The company has also reported consolidated net profit after tax of Tk 95.43 million, consolidated EPS of Tk 0.98, consolidated NAV per share of Tk 20.12 and consolidated NOCFPS of Tk 3.97 for the year ended on September 30, 2014 as against Tk 196.09 million, Tk 1.94, Tk 20.44 and Tk 0.49 respectively for the year ended on September 30, 2013.
IPDC: The board of directors of IPDC (Industrial Prom. & Development Company) has recommended 5.0 per cent cash dividend and 10 per cent stock dividend for the year ended on December 31, 2014.
The company has also reported net profit after tax of Tk 165.51 million, EPS of Tk 1.44, NAV per share of Tk 19.97 and NOCFPS of Tk (0.14) for the year ended on December 31, 2014.
The AGM will be held on April 29 at 10am and the venue to be notified later on. Record Date: 09.03.2015.
The company has also informed that Land and Building has been revalued by professional valuer which stands at Tk 150.16 million against written down value of Tk 41.87 million.
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