BSCCL recommends 12pc cash dividend

Dhaka,  Sun,  24 September 2017
Published : 20 Aug 2017, 12:15:28

BSCCL recommends 12pc cash dividend

FE Online Report
The board of directors of Bangladesh Submarine Cable Company Limited (BSCCL) has recommended 12 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.

The final approval will come during the annual general meeting (AGM) scheduled to be held on October 7 at 1100am at SMW-5 Submerine Cable Landing Station, Alipur, Kuakata, Patuakhali.

The record date for entitlement of dividend is September 20.

The company has also reported earnings per share (EPS) of Tk 1.93, net asset value (NAV) per share of Tk 36.44 and net operating cash flow per share (NOCFPS) of Tk. 1.20 for the year ended on June 30, 2017 as against Tk. 1.00, Tk. 33.95 and Tk. 1.76 respectively for the same period of the previous year.

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

Each share of state-run company, which was listed on the Dhaka bourse in 2012, closed at Tk 117.80 on Thursday last at Dhaka Stock Exchange (DSE.

In 2016, the company also disbursed 10 per cent cash dividend.

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