Dhaka, Bangladesh (BBN) – The board of directors of Padma Oil Company has recommended 100 per cent cash dividend for the year ended on June 30, 2016, said an official disclosure on Thursday.
The final approval will come during the annual general meeting (AGM) scheduled to be held on February 11, 2017 at 11:00am at Hall Convention Center, Agrabad Access Road in Chittagong
The record date for entitlement of dividend is on December 19, 2016.
The state-run company has also reported earnings per share (EPS) of BDT 19.07, net asset value (NAV) per share of BDT 92.92 and net operating cash flow per share (NOCFPS) of BDT 82.09 for the year ended on June 30, 2016 as against BDT 19.63, BDT 83.85 and BDT (87.90) respectively for the same period of the previous year.
The company also disbursed 100 percent cash dividend for the year ended on June 30, 2015.
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 187.80 on Wednesday.
The company’s paid-up capital is BDT 982.32 million and authorised capital is BDT 1,000 million, while total number of securities is 98232,750, according to statistics from the DSE.
The sponsor-directors own 0.01 percent stake in the Padma Oil, while the government owns 50.35 percent, institutional investors 30.63 percent and the general public 19.01 percent as on October 31, 2016.
BBN/AD/SR