Generation Next Fashions recommends 10pc dividend

The board of directors of Generation Next Fashions has recommended 10 per cent stock dividend for the year ended on June 30, 2018.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on November 22 in Dhaka, said an official disclosure on Tuesday.

The record date is on October 30, 2018.

The company has also reported earnings per share (EPS) of Tk 1.01, net asset value (NAV) per share of Tk 12.60 and net operating cash flow per share (NOCFPS) of Tk 0.09 for the year ended on June 30, 2018 as against Tk 0.54, Tk 11.59 and Tk 0.94 respectively for the same period of the previous year.

The company also disbursed 10 per cent stock dividend for the year ended on June 30, 2017.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2012, closed at Tk 8.10 on Tuesday, gaining 3.84 per cent over the previous day.

The company's paid-up capital is Tk 4.49 billion and authorised capital is Tk 5.0 billion, while the total number of securities is 449.97 million.

The sponsor-directors own only 13.82 per cent stake in the company while institutions own 23.49 per cent and the general public 62.69 per cent as on September 30, 2018, the DSE data shows.

[email protected]