Three firms declare dividends
FE Report | Friday, 10 November 2017
Three more listed companies -- Meghna Petroleum, Keya Cosmetics and Eastern Cables -- declared dividends for the year ending on June 30, 2017, according to disclosures on Thursday.
Meghna Petroleum: The board of directors of the state-run company has recommended payment of 110 per cent cash dividend.
The final approval of the dividend will come at the company's annual general meeting (AGM) to be held in Chittagong on January 20, 2018. The record date for the shareholders' entitlement to dividend is November 30.
The company has reported earnings per share (EPS) at Tk 20.28, net asset value (NAV) per share at Tk 91.35 and net operating cash flow per share (NOCFPS) at Tk 54.39 for the year ending on June 30, 2017 as against Tk 17.10, Tk 81.57 and Tk 108.41 respectively for the previous year.
On Thursday, the share of the petroleum company, listed on the Dhaka bourse in 2007, closed at Tk 199, gaining 2.10 per cent over the previous session.
Keya Cosmetics: The board of directors of Keya Cosmetics has recommended payment of 20 per cent stock dividend.
The board has also decided to increase the authorised capital of the company from Tk 10 billion to Tk 15 billion, subject to approval of shareholders at the upcoming annual general meeting (AGM) to be held on December 28 in Dhaka. The record date for entitlement to dividend is November 28.
The company has also reported EPS at Tk 2.01, NAV per share at Tk 15.37 and NOCFPS at Tk (2.88) for the year ending on June 30, 2017 as against Tk 1.59 (restated), Tk 13.36 (restated) and Tk (0.40) (restated) respectively in the previous year.
On Thursday, the share of the company, listed in 2001, closed at Tk 15.20, advancing 2.01 per cent over the previous session.
Eastern Cables: The board of directors of Eastern Cables has recommended payment of 10 per cent cash dividend.
The final approval of dividend will come at the annual general meeting (AGM) to be held on January 18 in Chittagong. The record date for entitlement to dividend is November 30.
The company has also reported EPS at Tk. 1.19, NAV per share at Tk. 30.61 and NOCFPS at Tk. 1.89 for the year ending on June 30, 2017 as against Tk 1.35, Tk 30.43 and Tk 4.44 respectively in the previous year.
The share of the company, listed in 1986, closed at Tk 147.80, soaring 4.30 per cent over the previous day.