The board of directors of two more listed companies - IFAD Autos and Bangladesh Submarine Cable Company Limited (BSCCL) - have recommended dividend for the year ended on June 30, 2018.
IFAD Autos: The board of directors of IFAD Autos has recommended 22 per cent cash dividend for the shareholders (excluding sponsors/directors) and 10 per cent stock dividend for all shareholders 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 December 19. Time and venue will be notified later on.
The record date is on October 18, 2018.
The company has also reported earnings per share (EPS) of Tk 7.01, net asset value (NAV) per share of Tk 38.25 and net operating cash flow per share (NOCFPS) minus Tk 10.98 for the year ended on June 30, 2018 as against Tk 4.81, Tk 38.61 and minus Tk 7.99 respectively for the same period of the previous year.
The engineering sector company disbursed 21 per cent cash and 5.0 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 2015, closed at Tk 128 on Sunday, losing 2.29 per cent over the previous day.
BSCCL: The board of directors of Bangladesh Submarine Cable Company (BSCCL) has recommended 5.0 per cent cash dividend for the year ended on June 30, 2018.
The AGM will be held on November 08 at 11:00 am at the Trust Milonayaton in Dhaka.
The record date is on October 18, 2018.
The state-run company has also reported EPS of Tk 0.44, NAV per share of Tk 35.68 and NOCFPS Tk 4.07 for the year ended on June 30, 2018 as against Tk 1.93, Tk 36.44 and Tk 1.20 respectively for the same period of the previous year.
The telecom sector company disbursed 12 per cent cash dividend for the year ended on June 30, 2017.
Following the poor dividend declaration, its share price plunged 8.43 per cent to close at Tk 78.20 on Sunday.
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