Dhaka, Bangladesh (BBN) – The board of directors of Linde Bangladesh has recommended 140 percent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.
However, the company’s total cash dividend will be 340 percent as it already paid 200 percent interim 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 April 26.
The record date for entitlement of dividend is on March 20.
The company has also reported earnings per share (EPS) of BDT 62.60, net asset value (NAV) per share of BDT 241.54 and net operating cash flow per share (NOCFPS) of BDT 76.13 for the year ended on December 31, 2017 as against BDT 57.90, BDT 209.28 and BDT 73.18 respectively for the same period of the previous year.
In 2016, the company also disbursed total 310 percent cash dividend (200 percent interim and 110 percent final 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 1976, closed at BDT 1,228.10 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 152.18 million and authorised capital is BDT 200 million, while the total number of securities is 15.21 million.
The sponsor-directors own 60 percent stake in the company, while institutional investors own 29.30 percent and general public 10.70 percent as on January 31, 2018, the DSE data shows.