The board of directors of Khulna Power Company Limited has recommended 40 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday.
The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 1.
The record date for entitlement of dividend is November 14, 2019.
The company has also reported EPS of Tk. 3.50, NAV per share of Tk. 25.20 and NOCFPS of Tk. 6.20 for the year ended on June 30, 2019 as against Tk. 6.18, Tk. 26.87 and Tk. 2.62 respectively for the same period of the previous year.
In 2018, the company disbursed 30 per cent cash and 10 per cent stock dividend.
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 bourse in 2010, closed at Tk 42.70 each on Wednesday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 3.97 billion and authorised capital is Tk 7.0 billion while total number of securities is 397.41 million.
The sponsor-directors own 69.99 per cent stake in the company, institutional investors own 11.24 per cent, foreign 0.72 per cent and the general public 18.05 per cent as on September 30, 2019, the DSE data shows.