BSRM Steels recommends 15pc cash div

Dhaka,  Thu,  24 August 2017
Published : 13 Aug 2017, 12:30:38

BSRM Steels recommends 15pc cash div

FE Online Report
The board of directors of BSRM Steels has recommended 15 per cent final cash dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.

However, the total cash dividend for the year ended on June 30, 2017 will be 35 per cent as the Chittagong-based steel maker already paid 20 per cent interim cash dividend.

The approval of the final cash dividend will come at the annual general meeting scheduled to be held on September 28 at 9:30am at The Institution of Engineers Bangladesh, Chittagong Center, S.S. Khaled Road, Chittagong.

The record date is on September 7.

The company has also reported consolidated earnings per share (EPS) of Tk 8.66, consolidated net asset value (NAV) per share of Tk 33.72 and consolidated net operating cash flow per share (NOCFPS) of Tk. 10.95 for the 18 months period from January 01, 2016 to June 30, 2017 whereas consolidated EPS of Tk. 4.98, consolidated NAV per share of Tk. 33.72 and consolidated NOCFPS of Tk. 1.07 for the 12 months period from July 01, 2016-June 30, 2017.

There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 90.70 on Thursday at DSE.


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