GQ Ball Pen’s earnings remain negative, offers 5% cash dividend

With a 344 percent decline in earnings per share (EPS), the board of directors of the GQ Ball Pen Industries Ltd has recommended a 5 percent cash dividend only for its general shareholders, excluding the sponsors/directors.

In a statement published on the Dhaka Stock Exchange on Thursday, the company reported EPS of Tk7.64, net asset value (NAV) per share of Tk134.21 and net operating cash flow per share (NOCFPS) of Tk2.79 for the 2019-20 fiscal year (FY), as against Tk1.72, Tk148.23 and Tk3.11 respectively a year ago.

The sponsors or directors hold 37.38 lakh shares out of the total 89.28 lakh shares of the company and the cash dividend to be payable to the general shareholders is Tk25.94 lakh, said the company.

Following the corporate declaration, there will be no price limit on the trading of the shares of the company. However, the floor price set by the Bangladesh Securities Exchange Commission (BSEC) will be applicable accordingly.

The annual general meeting of the company is scheduled to take place on December 30 on a digital platform.