Dhaka, Bangladesh (BBN)– British American Tobacco Bangladesh Company (BATBC) has recommended 600 percent cash dividend for the year ended on December 31, 2017, said an official disclosure on Tuesday.
The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 17 at 10:30am at Pan Pacific Sonargaon Hotel in Dhaka.
The record date for entitlement of dividend is on March 27, 2017.
The multinational company has also reported earnings per share (EPS) of BDT 130.50 for the year ended on December 31, 2017 as against BDT 126.37 for the previous year.
The net asset value (NAV) per share of BDT 385.21 for the year ended on December 31, 2017 as against BDT 314.71 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 162.22 for the year ended on December 31, 2017 as against BDT70.58 for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share price of the company, which was listed on the Dhaka bourse in 1977, closed at BDT 3621.60 on Monday at Dhaka Stock Exchange (DSE).
The company also disbursed 600 per cent cash dividend the year ended on December 31, 2016. In 2015, the company paid 550 per cent cash dividend.
The company’s paid-up capital is BDT 600 million and authorised capital is also BDT 600 million, while the total number of securities is 60 million.
The sponsor-directors own 72.91 percent stake in BATBC, while government owns 0.64 percent, institutional investors 10.42 percent, foreign investors 15.32 percent and the general public only 0.71 percent as on January 31, 2018, the DSE data shows.