Dhaka, Bangladesh (BBN) - The board of directors of Marico Bangladesh Limited has declared 150 percent interim cash dividend for the year ending on March 31, 2017, said an official disclosure on Tuesday.
The multinational company declared the said amount of interim dividend based on three months financials for the period ended on June 30, 2016, said the disclosure.
The record date for entitlement of interim dividend is on August 17, 2016.
As first quarter (Q1) financial report for the April-June, 2016 period, the company’s earnings per share (EPS) stood at BDT 14.17, as against BDT 14.42 in the same period in the previous year.
The net operating cash flow per share (NOCFPS) was BDT 7.32 for April-June, 2016 as against BDT 30.71 for April-June, 2015.
The net asset value (NAV) per share was BDT 68.37 as of June 30, 2016 and BDT 54.25 as of March 31, 2016.
Each share of the company closed at BDT 1,278.40 on Monday.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
The company disbursed a total of 450 percent cash dividend (400 percent interim and 50 percent final) for the year ended on March 31, 2016.
The multinational company was listed on the Bangladesh stock market in 2009. Marico Bangladesh belongs to the “A” category.
The sponsor-directors own 90 percent stake in the Marico, while the general public own 10 percent as of June 30, 2016.
The company’s paid-up capital is BDT 315 million and authorised capital is BDT 400 million, while the total number of securities is 31,500,000, the DSE data showed.
BBN/AD/SR