Bay Leasing recommends a 10% cash dividend
In 2019, the non-bank financial institution paid 7.50% in cash and 2.50% in stock dividends
Bay Leasing and Investment logo. Image: Collected
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Bay Leasing and Investment logo. Image: Collected
Non-bank financial institution Bay Leasing and Investment has recommended a 10% cash dividend to its shareholders for 2020.
The company’s board of directors made the decision at a meeting on Tuesday.
In 2019, he paid 7.50% in cash and 2.50% in stock dividends.
Bay Leasing’s Annual General Meeting (AGM) is scheduled for November 4, at which the dividend and financial report recommended by the company will be approved.
The company has set October 18 as the registration date to determine investors for dividends.
The consolidated earnings per share (EPS) of the non-bank financial institution was 1.14 Tk last year, 7% more than the previous year.
Meanwhile, the consolidated net asset value per share of the company amounted to Tk 19.80 during the last financial year ended December 31, 2020.
Its consolidated net operating cash flow per share was 5.94 Tk that year.
The company was listed on the Dhaka Stock Exchange (DSE) in 2009 and its paid-up capital is Tk 140.88 crore.
Sponsors and directors hold 30.07%, institutional investors 35.46%, foreign investors 0.12% and general investors 34.35% of the shares of the company until August of this year.
Over the past year, its share price has jumped 127% to 36.40 Tk on the Dhaka Stock Exchange (DSE). At the end of Tuesday’s trading session, its stock closed at Tk 36 each.
