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Nahee Aluminum Composite Panel Limited has recommended a 10 per cent cash dividend for its shareholders for the last fiscal year 2021.
The board of directors of the publicly traded company fixed the dividend at a meeting held on Sunday, according to company sources.
Nahee Aluminum will hold an annual general meeting (AGM) on December 15 to get the dividend approved while the record date for entitlement of the dividend is November 10.
The company has reported earnings per share (EPS) of Tk 2.15 for FY21, which was Tk 2.31 in FY20.
Its net asset value (NAV) per share stood at Tk 17.38 in the year ended on June 30, 2021.
The company’s share price went declined from Tk 47.60 to Tk 45.90 at the Dhaka Stock Exchange on Sunday.
It was listed with the Dhaka and Chattogram bourses in 2017 and has been carrying out share trading under the ‘A’ category by providing dividends regularly.
As of September 30, the public were holding 49.18 per cent shares of the company while sponsor directors and institutes were holding 49.58 per cent and 11.24 per cent shares respectively.
The company has no government and foreign shareholders.
