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The board of directors of Apex Tannery Limited has recommended 40 per cent cash dividend for the year ended on June 30, 2018, said an official disclosure on Monday.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on October 8 at 10:00am at the Bangladesh Shooting Sports Federation at Gulshan-1 in Dhaka.
The record date for entitlement of dividend is on September 12, 2018.
The company has also reported earnings per share (EPS) without fair valuation surplus of Tk 2.53, net asset value (NAV) per share of Tk 72.24 and net operating cash flow per share (NOCFPS) of Tk 10.28 for the year ended on June 30, 2018 as against Tk 2.95, Tk 73.56 and Tk 2.50 respectively for the same period of the previous year.
In 2017, the company also disbursed 40 per cent cash dividend.
There will be no price limit on the trading of the shares of the Company on today (Monday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1985, closed at Tk 155.90 on Sunday the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 152.40 million and authorised capital is Tk 500 million, while the total number of securities is 15.24 million.
Sponsor-directors own 46.33 per cent stake in the company while institutional investors own 11.97 per cent and the general public 41.70 per cent as on June 30, 2018, the DSE data shows.