Dhaka, Bangladesh (BBN) – Heidelberg Cement Bangladesh and Eastern Bank have recommended dividend for the year ended on December 31, 2017, according to official disclosure on Wednesday.

HEIDELBERG CEMENT: The board of directors of Heidelberg Cement Bangladesh has recommended 150 percent cash dividend for the year ended on December 31, 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 7 at factory office in Narayanganj.

The record date for entitlement of dividend is May 20.

The Company has also reported EPS of Tk. 14.21, NAV per share of Tk. 83.17 and NOCFPS of Tk. 14.09 for the year ended on December 31, 2017 as against Tk. 26.69, Tk. 98.96 and Tk. 30.50 respectively for the same period of the previous year.

In 2016, the company also disbursed 300 per cent cash dividend.

Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 390.90 on Tuesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 565.04 million and authorised capital is Tk 1.0 billion while the total number of securities is 56.50 million.

The sponsor-directors own 60.67 per cent stake in the company, while the institutional investors own 26.79 per cent, foreign 1.33 per cent and the general public 11.21 per cent as on March 31, 2018, the DSE data shows.

There will be no price limit on the trading of the shares of the company on today following its corporate declaration.

EASTERN BANK: The board of directors of Eastern Bank Limited has recommended 20 percent cash dividend for the year ended on December 31 in 2017.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 5 in Dhaka.

The record date for entitlement of dividend is May 20.

The bank has also reported consolidated earnings per share (EPS) of BDT 3.29, consolidated net asset value (NAV) per share of BDT 29.64 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 9.21 for the year ended on December 31, 2017 as against BDT 3.68, BDT 28.23 and minus BDT 7.63 respectively for the same period of the previous year.

In 2016, the company also disbursed 20 percent cash and 5.0 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 1993, closed at Tk40.20 on Tuesday at the Dhaka Stock Exchange (DSE).

The bank’s paid-up capital is Tk 7.38 billion and authorised capital is Tk 12 billion while the total number of securities is 737.99 million.

The sponsor-directors own 31.56 per cent stake in the bank, while the institutional investors own 43.51 per cent, foreign 0.51 per cent and the general public 24.42 per cent as on March 31, 2018, the DSE data shows.

BBN/SS/AD