Delta Brac declares 30pc cash dividend

FE Report

The board of directors of Delta Brac Housing Finance Corporation has recommended a cash dividend of 30 per cent on ordinary shares for the year ending on December 31, 2017.

The final approval of the dividend will come at the company's annual general meeting (AGM) scheduled for April 26, said an official disclosure on Thursday.

The venue of the AGM will be will be notified later. The record date for shareholders' entitlement for the cash dividend is March 29.

The housing finance company has also reported earnings per share (EPS) of Tk 7.79, net asset value (NAV) per share of Tk 35.76 and net operating cash flow per share (NOCFPS) of Tk 16.56 for the same year.

The company disbursed a total of 45 per cent cash and 5.0 per cent stock dividend in an 18-month period from July 1, 2015 to December 31, 2016.

Each share of the financial institution, listed on the Dhaka bourse in 2008, closed at Tk 134.40 on Thursday, advancing 0.52 per cent over the previous session.

The company's paid-up capital is Tk 1.21 billion and authorised capital is Tk 2.0 billion while the total number of securities is 121.85 million.

The sponsor-directors own 51.32 per cent stake in the company, while institutional investors 3.45 per cent, foreign investors 41.62 per cent and general public only 3.61 per cent as on January 31, 2018, the DSE data shows.

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