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Stylecraft recommends 90pc dividend

UNB NEWS

Wednesday 11 October, 2017 12:09:19 pm

United News

Dhaka, Oct 11 (UNB) -The Board of Directors of Stylecraft Limited has recommended 10 percent cash and 80 percent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday.

The final approval will come during the annual general meeting (AGM) scheduled to be held at 10:30 am on December 4.

The company has also reported earnings per share (EPS) of Tk 52.47, net asset value (NAV) per share of Tk 508.04 and net operating cash flow per share (NOCFPS) of Tk 89.44 for the year ended on June 30, 2017, according to the DSE data.

The record date for entitlement of dividend is November 2.

There will be no price limit on the trading of the shares of the company Wednesday (October 11) following its corporate declaration.

Right after the AGM, the company will hold an EGM with an agenda to increase the Authorized Capital of the company from Tk 1.00 crore to Tk 100 crore. 

The company has further reported that EPS, NAV per share and NOCFPS was Tk 75.94, Tk 443.50 and Tk 108.33 respectively for the year ended on June 30, 2016.