Economic Reporter :
The board of directors of LankaBangla Finance Ltd has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on September 7. Time and Venue will be notified later, according to an official disclosure on Tuesday.
The company has also reported consolidated EPS of Tk 0.98, consolidated NAV per share of Tk 18.48 and consolidated NOCFPS of negative Tk 2.66 for the year ended on December 31, 2019 as against Tk 0.85, Tk 19.14 and Tk 3.30 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 following its corporate declaration; however, the floor price shall be applicable accordingly as per the securities regulator’s directive on March 19, 2020.
