The board of directors of Agricultural Marketing Company Limited (PRAN) has recommended 32 per cent cash dividend for the year ended on June 30, 2018, said an official disclosure on Sunday.
The final approval will come during the annual general meeting scheduled to be held on December 22, 2018 in Dhaka.
The record date for entitlement of dividend is December 13.
The company has also reported earnings per share (EPS) of Tk 6.94, net asset value (NAV) per share of Tk 75.39 and net operating cash flow per share (NOCFPS) of Tk 27.86 for the year ended on June 30, 2018 against Tk 6.87, Tk 71.72 and Tk 28.25 respectively for the same period of the previous year.
Each share of the company, which was listed on the DSE in 1996, closed at Tk 244.50 on Thursday last.
The company had disbursed 32 per cent cash dividend for three years from 2015 to 2017.
The company’s paid-up capital is Tk 80 million and authorised capital is Tk 500 million, while the number of securities is 8.0 million.
The sponsor-directors own 40.15 per cent stake in the company, while institutional investors own 14.54 per cent and the general public 45.31 per cent as on October 31, 2018.