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The Financial Express

GP declares 40pc final cash dividend

FE Online Report | Published: January 28, 2020 12:18:12 | Updated: January 29, 2020 16:24:49


GP declares 40pc final cash div

The board of directors of Grameenphone has recommended 40 per cent final cash dividend (i.e. total 130 per cent cash dividend for the year ended on December 31, 2019, said an official disclosure on Tuesday.

The total dividend represents 50.86 per cent of profit after tax for the year 2019 inclusive of 90 per cent interim cash dividend which has already been paid, it said.

The annual general meeting will be held on April 21 at 10:30am at International Convention City Bashundhara (ICCB), Hall-1 (Gulnaksha), Joar Sahara, Khilkhet, Dhaka-1229.

The record date is February 17.

The company has also reported earnings per share (EPS) of Tk 25.56, net asset value (NAV) per share of Tk 28.40 and net operating cash flow per share (NOCFPS) of Tk 42.50 for the year ended on December 31, 2019 as against Tk 24.71, Tk 27.28 and Tk 44.74 respectively for the same period of the previous year.

The lone listed telecom company’s share closed at Tk 271.40 each on Monday.

The company’s share traded between Tk 229 and Tk 419.90 in the last one year.

GP, which was listed on the DSE in 2009, disbursed total 280 per cent cash dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 13.50 billion and authorised capital is Tk 40 billion while total number of securities is 1.35 billion.

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 4.02 per cent, foreign investors 3.92 per cent and the general public 2.06 per cent as of December 31, 2019, the DSE data showed.

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