Dhaka, Bangladesh (BBN)– The board of directors of Meghna Petroleum has recommended 140 percent cash dividend for the year ended on June 30, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on January 12, 2019, said an official disclosure on Thursday.
The state-run company will also hold extraordinary general meeting (EGM) on January 12.
The record date for EGM and AGM is on December 02.
The company has also reported earnings per share (EPS) of BDT 33.30, net asset value (NAV) per share of BDT 113.20 and net operating cash flow per share (NOCFPS) of Tk 111.77 for the year ended on June 30, 2018 as against BDT 20.28, BDT 90.89 and BDT 54.39 respectively for the same period of the previous year.
The company also disclosed July-September EPS on the day. As per unaudited financial statements, EPS was BDT 8.06 for July-September 2018 as against BDT 6.03 for July-September 2017.
The NOCFPS was BDT 49.85 for July-September 2018 as against BDT 45.99 for July-September 2017.
The NAV per share was BDT 121.26 as on September 30, 2018 and BDT 113.20 as on June 30, 2018.
The state-run company, which was listed on the Dhaka bourse in 2007, disbursed 110 percent cash dividend in 2017.
Each share of the company closed at BDT 192.50 on Wednesday at Dhaka Stock Exchange.
There will be no price limit today on the trading of shares of the company following its corporate disclosure.
The company’s paid-up capital is BDT 1.08 billion and authorised capital is BDT 4.0 billion, while total number of securities is 108.21 million, according to statistics from the DSE.
The government owns 58.67 percent stake in the company, while the institutional investors own 32.72 percent and the general public 8.61 percent as on September 30, 2018.