EHL recommends 25pc dividend

The board of directors of Eastern Housing Ltd (EHL) has recommended 25 per cent cash dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 08 in Dhaka.

The record date is on October 11, 2018, said an official disclosure on Tuesday.

The company has also reported earnings per share (EPS) of Tk 3.48, net asset value (NAV) per share of Tk 60.15 and net operating cash flow per share (NOCFPS) of Tk 9.46 for the year ended on June 30, 2018 as against Tk 2.33, Tk 58.87 and Tk 12.03 respectively for the same period of the previous year.

The company disbursed 22 per cent cash dividend for the year ended on June 30, 2017.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1994, closed at Tk 52.30 on Tuesday, registering an increase of 4.18 per cent over the previous day.

The housing company's paid-up capital is Tk 933.45 million and authorised capital is Tk 2.0 billion, while the total number of securities is 93.34 million.

The sponsor-directors own 50.09 per cent stake in the company, while the institutional investors own 34.98 per cent and the general public 14.93 per cent as on August 31, 2018, the DSE data shows.

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