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The board of directors of Bata Shoe Company (Bangladesh) Ltd has recommended 105 per cent final cash dividend for the year ended on December 31, 2018.
Earlier, the company had declared 240 per cent interim cash dividend for the same year and paid it in January 2019.
With the latest, total cash dividend for the year ended on December 31, 2018 now stands at 345 per cent.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 27 in Dhaka, said an official disclosure on Sunday.
The record date for entitlement of dividend is May 20.
The company has also reported earnings per share (EPS) of Tk 72.79, net asset value (NAV) per share of Tk 347.11, and net operating cash flow per share (NOCFPS) of Tk 2.75 for the year ended on December 31, 2018 as against Tk 82.34, Tk 308.82, and Tk 62.48 respectively for the corresponding period of the previous year.
The company has further informed that the change of NOCFPS for year 2017 was due to rearrangement of interest received in cash flow.
In 2018, the company had rearranged interest received under cash flow from operating activities but earlier it was under financing activities as recommended by the auditors.
Hence, the comparative figure for the year 2017 has been rearranged to conform to current year’s presentation, said the company.
In 2017, the company also disbursed 335 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1985, closed at Tk 1,141.30 on Thursday last.
Last year, the company's share traded between Tk 1,072 and Tk 1,287 each.
The company’s paid-up capital is Tk 136.80 million and authorised capital is Tk 200 million while the total number of securities is 13.68 million.
The sponsor-directors own 70 per cent stake in the company, while the institutional investors own 18.73 per cent, foreign 1.69 per cent and the general public 9.58 per cent as on March 31, 2018, the DSE data shows.