The Board of Directors of Apex Tannery Limited, one of the leading firm in leather technology, has recommended 40 percent cash dividend for its shareholders for the year ended on 30 June 2017, reports news agency UNB.
The final approval of the dividend will come at the annual general meeting (AGM) scheduled to be held at Bangladesh Shooting Sports Federation in city’s Gulshan area at 10:00 am on 25 September.
The record date for entitlement of cash dividend is on 10 September according to DSE website on Sunday.
The company has also reported earnings per share (EPS) without fair valuation surplus of Tk 2.95, net asset value (NAV) per share of Tk 73.56 and net operating cash flow per share (NOCFPS) of Tk 2.50 for the year ended on June 30, 2017 as against Tk 6.00, Tk 74.38 and Tk 3.08 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company Sunday (20 August) following its corporate declaration.
According to DSE data, each share of Apex Tannery closed at Tk 149.80 on Thursday (17 August). The company’s share price hovered Tk 121.9 and Tk 167.8 in the last one year.