Market digest

GSP Finance approves 10.5pc dividend

Staff Correspondent

14 August, 2020 12:00 AM printer

The board of directors of GSP Finance Company (Bangladesh) has recommended 6 percent cash and 4.50 percent stock dividends for its shareholders for the year ended on 31st December, 2019.

The company will organise an annual general meeting (AGM) on 23rd September through a digital platform and the record date has been set on 3rd September.

The company has reported consolidated EPS of Tk 1.46, consolidated NAV per share of Tk 22.49 and consolidated NOCFPS of Tk 3.76 for the year ended on 31st, December, 2019.

In the previous year, the figures are Tk 2.40, Tk 22.84 and Tk 0.57 respectively.

There will be no price limit on the trading of the shares of the Company on Thursday following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the company, which was listed on the Dhaka bourse in 2012, closed at Tk 15.40 on Wednesday.

The company disbursed 18 per cent cash dividend for the year ended on December, 2018.

The company’s paid-up capital is Tk 1.29 billion and authorised capital is Tk 2.0 billion while total number of securities is 129.22 million.

The sponsor-directors own 35.51 per cent stake in the company, while the institutional investors own 20.57 per cent, foreign investors 2.75 per cent and the general public 41.17 per cent as on June 30, 2020, the DSE data shows.