Dhaka, Bangladesh (BBN) – The board of directors of Lafarge Surma Cement has recommended 5.0 per cent final cash dividend for the year ended on December 31, 2016, officials said.

So, total dividend for year ended on December 31, 2016 stood at 10 per cent cash as the company already disbursed 5.0 per cent interim cash dividend.

The dividend approval came at a meeting of board of directors of the company held on Thursday.

The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on June 15.

The record date for entitlement of dividend is on April 16.

The multinational cement maker’s has also reported earnings per share (EPS) of BDT 1.21, net asset value (NAV) per share of BDT 12.21 for the year ended on December 31, 2017.

There will be no price limit on the trading of the shares of the company on Sunday (March 12) following its corporate declaration.

Each share price of the company, which was listed on the Dhaka bourse in 2003, closed at BDT 78.30 on Thursday, the last trading day of the week.

The company also disbursed 10 per cent cash dividend the year ended on December 31, 2015.

The company’s paid-up capital is BDT 11.61 billion and authorised capital is also BDT 14 million, while the total number of securities is 1,161,373,500.

The sponsor-directors own 64.68 per cent stake in Lafarge, while institutional investors 14.33 per cent, foreigners 1.43 per cent and the general public 19.56 per cent as on January 31, 2017, the DSE data shows.

BBN/MS/SK