Dhaka, Bangladesh (BBN) - The Board of Directors of GrameenPhone (GP) has recommended interim cash dividend for the year 2016 at the rate of 85 percent of the paid-up capital of the company which represents 107 percent of the profit after tax for the half year ended on 30th June, 2016, said an official disclosure on Monday.
The lone listed telecom company recommended the said dividend, out of the provisional net profits of the company for the half year ended on June 30, 2016 and retained earnings as of December 31, 2015, said the disclosure.
The record to avail the interim dividend is on date is August 8, 2016.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
In six months, earning per share (EPS) was BDT 7.92 for January-June, 2016 as against BDT 7.76 for January-June, 2015.
The net operating cash flow per share (NOCFPS) was BDT 13.56 for January-June, 2016 as against BDT 14.03 for January-June, 2015.
The net asset value (NAV) per share was BDT 24.74 as of June 30, 2016 and BDT 24.49 as of June 30, 2015.
GP is the largest market cap listed company in Bangladesh’s stock markets, which listed on the Dhaka bourse in 2009. The adjusted opening price of each GP share was BDT 258.20 on Monday.
The company’s paid-up capital is Tk 13,503 million and authorised capital is Tk 40,000 million, while the total number of securities is 1,350,300,022. The total market cap of the company stood at Tk 34,864.47 as of Sunday.
The sponsor-directors own 90 percent stake in the GP, while the institutional investors own 5.45 percent, foreign investors 1.84 percent and the general public own only 2.71 percent as on May 31, 2016, the DSE data showed.
BBN/AD/SR