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The board of directors of IFAD Autos has recommended 22 per cent cash dividend for shareholders (excluding sponsors/directors) and 10 per cent stock dividend for all shareholders for the year ended on June 30, 2018.
The sponsors shareholders hold 14,15,16,665 shares out of total 22,54,46,000 shares of the company and general shareholders will get cash dividend of more than Tk 184.64 million, said an official disclosure on Sunday.
The final approval of 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 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 company disbursed 21 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2015, closed at Tk 131 on Thursday last.
The company’s paid-up capital is Tk 2.25 billion and authorised capital is Tk 3.0 billion, while the total number of securities is 225.44 million.
The sponsor-directors own 62.77 per cent stake in the company, institutional investors 17.26 per cent, foreign 5.0 per cent and the general public 14.97 per cent as on August 31, 2018, the DSE data shows.