Dhaka, Bangladesh (BBN) – Marico Bangladesh has recommended 600 percent final cash dividend for the financial year 2017-2018, of which 500 percent interim cash dividend has already been paid.
The board of directors of the company will give the final approval of the dividend during the annual general meeting (AGM) scheduled to be held on July 18, said an official disclosure on Thursday.
The record date for entitlement of dividend is June 7.
The company has also reported earnings per share (EPS) of BDT 52.15, net asset value (NAV) per share of BDT 47.38 and net operating cash flow per share (NOCFPS) of BDT 48.92 for the year ended on March 31, 2018 as against BDT 45.72, BDT 50.16 and BDT 60.41 respectively for the same period of the previous year.
In 2016, the company also disbursed 500 percent cash dividend.
There will be no price limit on the trading of the shares of the bank on today following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at BDT 1,255.50 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is BDT 315 million and authorised capital is BDT 400 million while the total number of securities is 31.50 million.
The sponsor-directors own 90 percent stake in the company, while the institutional investors own 2.81 percent, foreign 6.40 percent and the general public only 0.79 percent as on March 31, 2018, the DSE data shows.