Home ›› 16 Aug 2021 ›› Stock
GSP Finance Company, a listed non-bank financial institute, has declared 11 per cent dividend – 5.5 per cent cash and 5.5 per cent stock – for its shareholders for the year ended on December 31, 2020.
The decision was taken at a meeting of the company’s board of directors on Saturday. The directors set the dividend reviewing the financial statements for the last year.
The company will hold its annual general meeting (AGM) on September 21 to approve the dividend. The record date was set on September 7.
In 2019, the company provided stock dividend only.
The ‘A’ category company has been giving stock dividend regularly since it was listed on the Dhaka Stock Exchange (DSE) in 2012. It provided cash dividend only for four financial years, including the latest one.
The company reported earnings per share (EPS) of Tk 1.55 for the year 2020, which was Tk 1.32 in the previous year.
The company’s net asset value per share (NAVPS) stood at Tk 21.90 in the year. As of June 30, sponsor directors were holding 35.51 per cent of the company’s total shares, while public were holding 45.22 per cent and institute 19.27 per cent shares, according to DSE data.
Till date, the company has no foreign investment. However, its foreign shareholding was 2.76 per cent as of December 2019.
The paid-up capital of the non-bank financial institute is around Tk 143 crore, when the authorised capital is Tk 200 crore, market capitalization Tk 349 crore.
The number of securities of the company is 14.27 crore. On Thursday, the company’s share price increase 4.49 per cent to close at Tk 25.60.
Last year, the company’s share price fluctuated by Tk 13.50 to Tk 25.90. The price has been stable throughout the last three months.
According to the company’s annual report, the company’s profit after tax increased from 2015 to 2017, but it began to decline from 2018. However, the revenue has increased continuously.
