Dhaka, Bangladesh (BBN) – GrameenPhone (GP) has recommended 90 per cent final cash dividend (total 175 per cent cash dividend) for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The board of directors represents total dividend of 105 per cent of profit after tax for the year 2016 inclusive of 85 per cent interim cash dividend which has already been paid for the year ended on December 31, 2016, said the disclosure.
The final approval will come during the annual general meeting scheduled to be held on April 20 at 10:00am at International Convention City Bashundhara in Dhaka.
The record date for entitlement of is on February 22.
The lone listed mobile phone company has also reported earnings per share (EPS) of BDT 16.68, net asset value (NAV) per share of BDT 24.86 and net operating cash flow per share (NOCFPS) of BDT 34.18 for the year ended on December 31, 2016 as against BDT 14.59, BDT 22.68 and BDT 28.73 respectively 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.
At Dhaka Stock Exchange (DSE), each share of the company closed at BDT 301.60 on Tuesday.
In 2015, the company disbursed total 140 per cent cash dividend.
GP, the largest market cap listed company in Bangladesh stockmarket, was listed on the Dhaka bourse in 2009.
Sponsors hold 90 percent stakes in GP, while institutional investors own 5.19 per cent, foreign investors 2.4 per cent and retail investors 2.41 per cent.