DBH recommends 15pc cash div

Dhaka,  Wed,  20 September 2017
Published : 13 Apr 2017, 13:58:48

DBH recommends 15pc cash div for 6 months

DBH recommends 15pc cash div
FE Online Report
The Board of Directors of Delta Brac Housing (DBH) Finance Corporation has approved the audited accounts for the six months period from July 01, 2016 to December 31, 2016 and recommended 15 per cent cash dividend, said an official disclosure on Thursday.

The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on May 23 at 10:30am at Six Seasons Hotel in Dhaka.

The record date for entitlement of dividend is on May 7.

The company has also reported earnings per share (EPS) of Tk 2.71, net asset value (NAV) per share of Tk 29.47 and net operating cash flow per share (NOCFPS) of Tk 29.92 for the 6 months period from July-December, 2016 as against Tk 2.36 (restated), Tk 25.53 (restated) and Tk 14.87 (restated) respectively for the same period from July-December, 2015.

The company has also reported EPS of Tk 6.45 (restated), NAV per share of Tk 29.62 (restated) and NOCFPS of Tk 7.51 (restated) for the 12 months period from July 01, 2015 to June 30, 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 company, which was listed on the Dhaka bourse in 2008, closed at Tk 116.20 on Wednesday at DSE.

The company’s paid-up capital is Tk 1.21 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 121.85 million.

Sponsor-directors own 51.32 per cent stake in the company, while the institutional investors own 7.03 per cent, government 35.37 per cent and the general public 6.28 per cent as on February 28, 2017, the DSE data shows.

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