Quasem Industries recommends 12pc dividend

FE Online report | Published: October 23, 2019 11:28:40 | Updated: October 24, 2019 10:47:35

Representational image

The board of directors of Quasem Industries Limited has recommended 5.0 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 12 at 10:30 in Dhaka.

The record date for entitlement of dividend is November 19, 2019.

The company has also reported EPS of Tk 0.83, NAV per share of Tk 33.18 and NOCFPS of Tk 1.62 for the year ended on June 30, 2019 as against Tk 1.35, Tk 32.36 and Tk 0.58 respectively for the same period of the previous year.

In 2018, the company disbursed 12 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 1989, closed at Tk 24.30 each on Tuesday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 588.2 million and authorised capital is Tk 2.0 billion while total number of securities is 58.84 million.

The sponsor-directors own 30 per cent stake in the company, institutional investors own 22.25 per cent, and the general public 47.75 per cent as on September 30, 2019, the DSE data shows.

babulfexpress@gmail.com