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The Board of Directors of Delta Brac Housing Finance Corporation Limited (DBH) has recommended 30 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on April 26 around 10:30am, said an official disclosure on Thursday.
The venue place of the AGM will be will be notified later, the disclosure said.
The record date for entitlement of dividend is March 29.
The housing finance company has also reported earnings per share (EPS) of Tk 7.79, net asset value (NAV) per share of Tk 35.76 and net operating cash flow per share (NOCFPS) of Tk 16.56 for the year ended on December 31, 2017 as against Tk 2.71, Tk 29.47 and Tk 29.92 respectively for the 6 months period from July-December, 2016.
The company disbursed a total of 45 per cent cash and 5.0 per cent stock dividend in 18 month that ended on December 31, 2016.
There will be no price limit on the trading of the shares of the company today (Thursday) following its corporate declaration.
Each share of the financial institution, which was listed on the Dhaka bourse in 2008, closed at Tk 133.70 on Wednesday last at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 1218 million and authorised capital is Tk 2000 million, while the total number of securities is 121.85 million.
The sponsor-directors own 51.32 per cent stake in the company, while institutional investors own 3.45 per cent, foreign 41.62 per cent and general public 3.61 per cent as January 31, 2018, the DSE data shows.