Amid the volatility of the financial sector, listed financial institutions (FIs) have witnessed mixed performance in recommending dividends for the year ended on December 31, 2018 compared to previous year. Out of the 16 listed companies, eight companies reported EPS (earning per share) growth. However, only three companies declared dividend, either cash or stock. However, only three companies out of sixteen companies declared higher dividend this year comparing last year. Of these three, IDLC declared higher dividend though their EPS growth was negative comparing last year.
EPS of Delta Brac Housing Finance Corporation, United Finance, IPDC Finance, National Housing Finance and Investment, Islamic Finance & Investment, Bangladesh Finance and Investment Company, Uttara Finance and Investments and Bay Leasing & Investment rose for 2018 compared to previous year.
Of the companies, LankaBangla Finance has recommended 15 percent cash dividend for 2018 against 7.5 percent cash and 7.5 percent stock dividend disbursed in previous year. The company’s earnings per share (EPS) declined significantly for 2018 compared to previous year. The company has informed that its net profit after tax declined by 47 percent compared to last year as there was no dividend from subsidiaries. Besides, the company’s income from investment in shares also declined by Tk 273 million in 2018 compared to last year.
IDLC Finance has recommended 35 percent cash dividend for 2018 against 30 percent cash dividend disbursed in previous year. The company’s EPS declined marginally for 2018 compared to previous year. The company has reported its consolidated EPS of Tk. 5.76 for 2018 against Tk. 6.13 calculated in previous year.
Delta Brac Housing Finance Corporation has recommended 25 percent cash and 10 percent stock dividend for 2018 against 30 percent cash dividend disbursed in the previous year. The company’s EPS was Tk. 8.60 for 2018 against Tk. 7.79 reported in previous year.
IPDC Finance has recommended 7.0 percent cash and 8.0 percent stock dividend for 2018 against 20 percent stock dividend of the previous year. The company’s EPS was Tk. 2.06 for 2018 against Tk. 1.54 reported in the previous year.
The dividend of United Finance was 10 percent cash for 2018 against 10 percent cash and 5.0 percent stock disbursed for the previous year. The company has reported EPS of Tk. 1.48 for 2018 as against Tk. 1.44 for previous year.
National Housing Finance and Investment has recommended 10 percent cash and 10 percent stock dividend for 2018 against 10 percent cash dividend disbursed in previous year. The company’s EPS has stood at Tk. 2.59 for 2018 as against Tk. 2.40 reported in previous year.
Islamic Finance & Investment recommended 10 percent cash and 4.50 percent stock dividend for 2018 against 14.50 percent cash dividend disbursed in previous year. The company’s EPS was Tk. 1.82 for 2018 against Tk. 1.81 reported for previous year.
GSP Finance Company (Bangladesh) has recommended 18 per cent cash dividend for 2018 against 23.50 per cent stock dividend disbursed for the previous year. The company has reported consolidated EPS of Tk. 2.40 for 2018 against Tk. 2.49 reported for 2017.
Bangladesh Finance and Investment Company has recommended 10 per cent stock dividend for 2018. The company recommended no dividend in the previous year. The company’s consolidated EPS was Tk. 1.85 for 2018 against Tk. 1.83 reported in previous year.
Phoenix Finance and Investments has recommended 15 per cent stock dividend for 2018 against 20 per cent cash dividend disbursed in previous year. The company’s EPS was Tk. 2.33 for 2018 against Tk. 2.35 reported for 2017.
Union Capital has recommended 5.0 per cent stock dividend for 2018 against same amount of stock dividend disbursed in previous year. The company has reported its consolidated EPS of Tk. 0.56 for 2018 against Tk. 1.08 (restated) reported for previous year.
Uttara Finance and Investments has recommended 20 per cent cash dividend for 2018 against 30 per cent cash dividend disbursed in previous year. The company’s EPS stood at Tk. 8.27 for 2018 against Tk. 7.25 reported for previous year.
FAS Finance & Investment has recommended 5.0 per cent stock dividend for 2018 against 10 per cent cash dividend disbursed in previous year. The company’s consolidated EPS was Tk. 0.85 for 2018 as against Tk. 1.00 (restated) calculated in the previous year.
Prime Finance & Investment has recommended no dividend for 2018. The company recommended no since 2014. The company has reported its consolidated EPS of Tk. 0.22 for 2018 against the loss of Tk 1.68 per cent incurred in previous year.
Bay Leasing & Investment has recommended 10 per cent cash dividend for 2018 against 10 per cent cash and 5.0 per cent stock dividend disbursed in previous year. The company has reported its consolidated EPS of Tk. 1.60 for 2018 against Tk. 1.18 (restated) reported for previous year.
MIDAS Financing has recommended 2.50 per cent stock dividend for 2018 against 10 per cent stock dividend disbursed in previous year. The company’s consolidated EPS stood at Tk. 0.09 for 2018 against Tk. 1.65 reported for 2017.
