Dhaka, Bangladesh (BBN) – British American Tobacco Bangladesh Company (BATBC) has recommended 600 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.
The board of directors of final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 19 at 10:30am at Pan Pacific Sonargaon Hotel in Dhaka.
The record date for entitlement of dividend is on March 21, 2017.
The multinational company has also reported earnings per share (EPS) of BDT 126.37, net asset value (NAV) per share of BDT 314.71 and net operating cash flow per share (NOCFPS) of BDT 70.58 for the year ended on December 31, 2016 as against BDT 97.90, BDT 243.49 and BDT 151.68 respectively for the year ended on December 31, 2015.
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 2,507.60 on Monday.
The company disbursed 550 per cent cash dividend the year ended on December 31, 2015.
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 60,000,000.
The sponsor-directors own 7291 per cent stake in BATBC, while government owns 0.64 per cent, institutional investors 11.23 per cent, foreign investors 14.42 per cent and the general public only 0.80 per cent as on January 31, 2017, the DSE data shows.