Non-banking financial institution Bangladesh Finance and Investment Company Ltd will pay 12 percent cash dividends to its shareholders for the 2019 financial year.
The company decided this at a meeting on Monday evening.
Following the revelation of the decision, its share price increased by 10.24 percent at the Dhaka Stock Exchange (DSE) on Tuesday.
The closing price of each share was Tk13.80.
However, the final approval for the dividends will come during an annual general meeting slated for December 10 this year. The record date is October 8, 2020.
According to the DSE, the company reported consolidated earnings per share (EPS) of Tk1.12 in the 2019 financial year, which was 33 percent lower than that in the previous year.
The consolidated net asset value (NAV) per share amounted to Tk16.37 for the year that ended on December 31, 2019.
Consolidated net operating cash flow stood at Tk0.97 last year.
In the 2018 financial year, the non-banking financial institution paid 10 percent stock dividends to its shareholders.
Meanwhile, in the first half of this year, BD Finance posted a consolidated EPS of Tk0.46; which was 100 percent higher than at the same period of the previous year.
Its consolidated NAV per share was Tk16.83 and net operating cash flow per share stood at Tk2.13 for the last two quarters that ended on June 30, 2020.
The company's paid-up capital is currently Tk1,167.53 crore.
At the end of July this year, sponsors and directors jointly held 30.32 percent, institutional investors 13.89 percent and general investors 55.79 percent shares of the company.