BSCCL declares 37% cash dividend
BI Report || BusinessInsider
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Bangladesh Submarine Cable Company has recommended 37 percent cash dividend to its shareholders for the year ended on June 30, 2021.
The dividend payout was recommended at the company's board of directors meeting.
However, final approval regarding the dividends will come during the Annual General Meeting (AGM) scheduled for December 7, 2021 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Sunday.
The company has reported EPS of Tk 11.57 and consolidated NAV per share of Tk 52.49 during the period.
The record date for the distribution of the declared dividend among the shareholders has been fixed as November 11.
The Company has informed that the Board of Directors of BSCCL has approved applying for Submarine Cable Systems and Services License for the company.
The Board of Directors has also approved the deposit of Tk 11.50 crore (including VAT) as License Acquisition Fee for the Submarine Cable Systems and Services License to BTRC.
There will be no price limit on the trading of the shares of the Company today (October 24) following its corporate declaration.
