Dhaka, Bangladesh (BBN) – The Heidelberg Cement Bangladesh has recommended 300 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.
The dividend approval came at a board meeting held on Tuesday evening.
However, the final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on May 11 at 11:00am at the Factory Office in Narayangoj.
The record date for entitlement of dividend is on March 28, 2017.
The multinational company has also reported earnings per share (EPS) of BDT 26.69, net asset value (NAV) per share of BDT 98.96 and net operating cash flow per share (NOCFPS) of BDT 30.50 for the year ended on December 31, 2016 as against BDT 24.81, BDT 102.27 and BDT 34.75 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.
Each share price of the company, which was listed on the Dhaka bourse in 1989, closed at BDT 552.20 on Tuesday at DSE.
The company also disbursed 300 percent cash dividend the year ended on December 31, 2015. In, 2014, the company disbursed 380 per cent cash dividend.
The company’s paid-up capital is BDT 565 million and authorised capital is also BDT 1.0 billion, while the total number of securities is 56,503,580.
The sponsor-directors own 60.67 percent stake in Heidelberg Cement, while institutional investors 26.70 per cent, foreign investors 1.77 per cent and the general public only 10.86 percent as on January 31, 2017, the DSE data shows.