The board of directors of Northern Jute Manufacturing Company Limited has recommended 100 percentcashdividendfor the year ended on June 30, 2019, official sources said. The final approval will come during the annual general meeting (AGM) scheduled to be held on December 8 in the city.
The company is set the record date in November 05, 2019. The company has reported earnings per share (EPS) of Tk 23.29 in last fiscal year against negative Tk 17.15 in previous fiscal. The company has reported net asset value (NAV) per share of Tk 80.33, and operating cash flow per share (NOCFPS) of negative Tk 22.66 for the year ended on June 30, 2019 as against Tk 57.04 and negative Tk 28.92 respectively for the same period of the previous year.
The company has declared “No” dividend in2018. The authorised capital of the company listed on the stock market was Tk100million and the paid up capital was Tk21.42 million, while the total number of securities is 2.14 million. Northern Jute made its debut in 1994and it is present under “N” category in DSE.
On Wednesday, price of share of the companydeclined by Tk40.5. The figures were Tk820.4 on Wednesday and Tk860.4 on Tuesday. Market data of DSE shows, 30,676 shares of the the companywere traded on the floor of the Dhaka Stock Exchange (DSE) on Wednesday and its market value stood at almost Tk26.38 million on the day.
The sponsor-directors own 21.87 percent stake in the company, while the general public own 78.13 percent as on September 30, 2019, the DSE data shows.
