Dhaka, Bangladesh (BBN)-The board of directors of Berger Paints has recommended 175 per cent interim cash dividend for the 15 months period ending March 2017, said an official disclosure on Wednesday.
The record date for entitlement of interim cash dividend is on February 14, 2017.
Earlier, the company has informed that the its accounting year has been changed to April-March and therefore the company will place the audited financial statements covering 15 months period from January 01, 2016 to March 31, 2017 in the next AGM and thereafter shall maintain April to March as new accounting year.
As per 12 months un-audited financial reports, consolidated earnings per share (EPS) was BDT 82.17 for January-December, 2016 as against BDT 64.37 for January-December, 2015.
Consolidated net operating cash flow per share (NOCFPS) was BDT 100.75 for January-December, 2016 as against BDT 92.90 for January-December, 2015.
Consolidated net asset value (NAV) per share was BDT 241.59 as of December 31, 2016 and BDT 186.42 as of December 31, 2015.
Berger Paints, which was listed in Bangladesh’s stockmarket in 2006, disbursed a total of 370 percent (270 per cent final and 100 per cent interim) cash dividend for the year ended on December 31, 2015.
The multinational company’s paid-up capital is BDT 231.88 million and authorised capital is BDT 400 million, while the total number of securities is 23,188,940.
The sponsor-directors own 95 per cent stake in Berger Paints, while institutional investors own 2.93 per cent, foreign investors 1.58 per cent and the general public only 0.49 per cent as on November 30, 2016, the DSE data shows.
There will be no price limit on the trading of the shares of the company today following its corporate declaration
At DSE, each share price of the company closed at BDT 2,314 on Tuesday.
BBN/SK/AD