Grameenphone

Grameen

Dhaka, Bangladesh (BBN)– The board of directors of Grameenphone (GP) has recommended 100 per cent final cash dividend for the year ended on December 31, 2017, said an official discourse on Tuesday.

The total dividend for the year 2017 will be 205 percent as country’s largest market cap listed company already paid 105 percent interim cash dividend for the year ended on December 31, 2017.

The final approval will come during the annual general meeting (AGM) scheduled to be held on April 19 at 10:30am at International Convention City, Bashundhara in Dhaka.

The record date is on February 19.

The company has also reported earnings per share (EPS) of BDT 20.31, net asset value (NAV) per share of BDT 26.10 and net operating cash flow per share (NOCFPS) of BDT 42.79 for the year ended on December 31, 2017 as against BDT 16.68, BDT 24.86 and BDT 34.18 respectively for the same period of the previous year.

In 2016, the company disbursed total 175 percent cash dividend.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at BDT 510.30 on Monday at Dhaka Stock Exchange (DSE), gaining 0.98 percent over the day before.

The company’s paid-up capital is BDT 13.50 billion and authorised capital is BDT 40 billion, while the total number of securities is 1.35 billion.

The sponsor-directors own 90 percent stake in company, while institutional investors own 4.55 percent, foreign 3.42 percent and the general public 2.03 percent as on December 28, 2017, the DSE data shows.

BBN/SSR/SR