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The Unique Hotel and Resorts Limited has recommended a 10 per cent final cash dividend to general shareholders for the year ending on June 30. The sponsor shareholders and directors will not receive any dividend for the year.
The decision came at a meeting of the publicly traded company’s board of directors on Monday.
It will hold an annual general meeting (AGM) through virtual platform on December 27 to get the recommended dividend approved by the investors. The record date for the entitlement of the dividend is set for November 18.
The Unique Hotel reported solo earnings per share (EPS) of Tk 1.41 and consolidated EPS negative Tk 0.33 for the financial year 2020-21. In the previous year, the solo EPS was Tk 0.95 and consolidated EPS Tk 0.88.
It also reported a net asset value per share of Tk 88.03 for the last financial year.
Yesterday, the company’s share price went up 7.76 per cent to Tk 52.8 at the Dhaka Stock Exchange. The price moved between Tk 30.9 to Tk 63.5 throughout the last one year, shows DSE data.
The Unique Hotel has a market capitalization of Tk 1,501 crore, while its paid-up capital is Tk 294 crore. It now holds a surplus reserve of Tk 1,433 crore.
The company has had continuous profit booking in the last five years. Due to the Covid-19 pandemic, its profit dropped to Tk 28 crore in FY20, which was Tk 59 crore in the previous year.
Unique Hotel and Resorts was established on November 28, 2000 and received the certificate of commencement of business under the brand name - The Westin Dhaka - on July 1, 2007.
