The board of directors of Khulna Power Company Limited (KPCL) has recommended 55 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Monday.
The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 11 at 11:00am in Dhaka.
The record date for entitlement of dividend is on November 23, 2017.
The company has also reported earnings per share (EPS) of Tk 5.07, net asset value (NAV) per share of Tk 26.20 and net operating cash flow per share (NOCFPS) of Tk 3.92 for the year ended on June 30, 2017 which was Tk 9.82, Tk 24.63 Tk 13.62 respectively for the 18 months period from 01.01.2015 to 30.06.2016.
In 2016, the company disbursed 75 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 company, which was listed on the Dhaka bourse in 2010, closed at 64 on Sunday the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 3.61 billion and authorised capital is Tk 7.0 billion, while the total number of securities is 361.28 million.
Sponsor-directors own 70.59 per cent stake in the company, while institutional investors own 16.26 per cent, foreign 0.90 per cent and the general public 12.25 per cent as on September 30, 2017, the DSE data shows.