Dhaka, Bangladesh (BBN) – Linde Bangladesh has recommended total 310 per cent cash dividend for the year ended on December 31, 2016, says an official disclosure on Wednesday.
The company has already paid 200 per cent interim cash dividend for the year 2016, which was included in the latest declaration.
Actually, the shareholder of the company will get remaining 110 per cent cash dividend for the same calendar year.
The dividend recommendation came at a board meeting held on Tuesday evening.
The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on May 11.
The record date for entitlement of dividend is on March 28, 2017.
The company has also reported earnings per share (EPS) of BDT 57.90, net asset value (NAV) per share of BDT 209.28 and net operating cash flow per share (NOCFPS) of BDT 73.18 for the year ended on December 31, 2016 as against BDT 42.74, BDT 183.04 and BDT 67.14 respectively for the same period of the previous year.
Linde Bangladesh, a multinational company, has been operating gas business in Bangladesh in the last 50 years with continuous expansion in operations and business. It is a pioneer in industrial gas in Bangladesh.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the multinational company, which was listed on the Dhaka bourse in 1976, closed at BDT 1,282.90 on Tuesday.
The company also disbursed 310 per cent cash dividend (110 per cent final and 200 per cent interim) for the year ended on December 31, 2014. In 2013, the company also distributed 310 per cent cash dividend.
The company’s paid-up capital is BDT 152.18 million and authorised capital is also BDT 200 million, while the total number of securities is 15,218,280.
The sponsor-directors own 60 percent stake in Linde BD, while institutional investors 28.50 per cent and the general public 11.50 per cent as on January 31, 2017, the DSE data shows.