RAK Ceramic recommends 20pc dividend
FE Report | Friday, 8 February 2019
The board of directors of RAK Ceramics (Bangladesh) Ltd has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018, said an official discourse on Thursday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on April 09 at 10:00am. Venue: will be notified later.
The record date is on February 28.
The company has also reported consolidated earnings per share (EPS) of Tk 2.29, consolidated net asset value (NAV) per share of Tk 17.97 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.46 for the year ended on December 31, 2018 as against Tk 2.62 (restated), Tk 18.25 and Tk 4.72 (restated) respectively for the same period of the previous year.
In 2017, the company also disbursed 10 per cent cash and 10 per cent stock dividend.
The ceramic maker's share price rose 3.75 per cent to close at Tk 41.40 each on the Dhaka Stock Exchange (DSE).
The company's paid-up capital is Tk 3.89 billion and authorised capital is Tk 6.0 billion, while the total number of securities is 389.06 million.