Dhaka, Bangladesh (BBN) – Four listed companies – Jamuna Oil Company, Power Grid Company, ACI and ACI Formulations have recommended dividend, according to separate official disclosure on Monday.
Jamuna Oil Company, Power Grid Company have recommended 100 percent and 12 percent cash dividend respectively for the year ended on June 30, 2016 while ACI and ACI Formulations have declared 75 percent and 20 percent interim cash dividend respectively for the year ending 2017.
Jamuna Oil: The board of directors of Jamuna Oil Company has recommended 100 percent cash dividend for the year ended on June 30, 2016.
The final approval will come during the annual general meeting (AGM) scheduled to be held on February 4 at 11:30am at Lalkhan Bazar, Chittagong.
The record date for entitlement of dividend is on December 15, 2016.
The company has also reported earnings per share (EPS) of BDT 17.74, net asset value (NAV) per share of BDT 143.44 and net operating cash flow per share (NOCFPS) of BDT 151.92 for the year ended on June 30, 2016 as against BDT 20.40, BDT 136.74 and BDT 67.48 respectively for the year ended on June 30, 2015.
Each share of the state-run oil distribution company closed at BDT 198.10 on Sunday.
Power Grid: The board of directors of Power Grid Company has recommended 12 percent cash dividend for the year ended on June 30, 2016.
The final approval will come during the annual general meeting (AGM) scheduled to be held on January 7 at 10am
The record date for entitlement of dividend is on December 01, 2016.
The board of directors also recommended a special resolution to be passed in the 20th AGM to issue shares of the company against the transmission infrastructure purchased by the company from Bangladesh Power Development Board as follows: “It is resolved that against the balance due of Bangladesh Power Development Board arrived from six vendor agreements for purchase of transmission infrastructure BDT 251,81,40,000 only shares numbers 25,18,14,000 each BDT 10 in face value of the company to be issued in favor of Bangladesh Power Development Board”
The company has also reported earnings per share (EPS) of BDT 2.66, net asset value (NAV) per share of BDT 76.89 and net operating cash flow per share (NOCFPS) of BDT 9.11 for the year ended on June 30, 2016 as against BDT 0.90, BDT 68.12 and BDT 11.52 respectively for the year ended on June 30, 2015.
Each share of the state-run company closed at BDT 64.80 on Sunday.
ACI: The board of directors of ACI has declared 75 percent interim cash dividend respectively for the year ending 2017 based on three months (July-September) financials for the period ended on September 30, 2016.
The record date for entitlement of interim cash dividend is on December 4, 2016.
As per first quarter (Q1 un-audited) financial report, the company’s consolidated earnings per share (EPS) stood at BDT 4.50 for July-September, 2016 as against BDT 3.77 for July-September, 2015.
The consolidated net operating cash flow per share (NOCFPS) was BDT 20.60 for July-September, 2016 as against BDT (12.63) for July-September, 2015. Consolidated net asset value (NAV) per share was BDT 249.21 as of September 30, 2016 and BDT 243.72 as of June 30, 2016.
ACI Formulations: The board of directors of ACI Formations has declared 20 percent interim cash dividend respectively for the year ending 2017 based on three months (July-September) financials for the period ended on September 30, 2016.
The record date for entitlement of interim cash dividend is on December 4, 2016.
As per first quarter (Q1 un-audited) financial report, the company’s consolidated earnings per share (EPS) stood at BDT 0.68 for July-September, 2016 as against BDT 0.89 for July-September, 2015.
The consolidated net operating cash flow per share (NOCFPS) was BDT (1.12) for July-September, 2016 as against BDT (1.32) for July-September, 2015. Consolidated net asset value (NAV) per share was BDT 51.18 as of September 30, 2016 and BDT 50.50 as of June 30, 2016.
There will be no price limit on the trading of the shares of these four companies today following their corporate declarations.
BBN/AD/SR