Business Desk :
Saif Powertec Limited, a listed infrastructure-support service provider, has recommended 10 per cent cash and 6 per cent stock dividends for shareholders for the fiscal year ended on June 30, 2021.
The board of directors of the company recommended the dividend at a meeting on Wednesday.
The annual general meeting (AGM) is scheduled for December 29 for the investors’ approval of the recommended dividend. The record date for the entitlement of the dividend is November 18.
The company reported earnings per share (EPS) of Tk 1.75 for the year ended on June 30, 2021. Its net asset value (NAV) per share stood at Tk 17.11 during the period.
On the Dhaka Stock Exchange, its share rose by 3.14 per cent to Tk 42.70 on Wednesday. In the last year, its share price moved between Tk 13.20 to Tk 49.
The market capitalization of the company is Tk 1,481 crore, paid-up capital Tk 358 crore and has Tk 35.78 crore in surplus reserve.
Saif Powertec was listed on the stock exchanges in 2014.
As of September 30, the public makes up 43.14 per cent, sponsor director 40.06 per cent, and institute 16.80 per cent of the company’s total shares.
Saif Powertec accounts for 65 per cent of 30 lakh TEUs (Twenty-foot Equivalent Units) of containers handled by the Chattogram port, the country’s largest seaport.
