Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The board of directors of Linde Bangladesh Limited has recommended 140 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.
However, the company’s total cash dividend will be 340 per cent as it already paid 200 per cent interim cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the Annual General Meeting (AGM) scheduled to be held on April 26.
The record date for entitlement of dividend is on March 20.
The company has also reported earnings per share (EPS) of Tk 62.60, net asset value (NAV) per share of Tk 241.54 and net operating cash flow per share (NOCFPS) of Tk 76.13 for the year ended on December 31, 2017 as against Tk 57.90, Tk 209.28 and Tk 73.18 respectively for the same period of the previous year.
In 2016, the company also disbursed total 310 per cent cash dividend (200 per cent interim and 110 per cent final cash dividend).
There will be no price limit on the trading of the shares of the company today (Thursday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1976, closed at Tk 1,228.10 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 152.18 million and authorised capital is Tk 200 million, while the total number of securities is 15.21 million.
The sponsor-directors own 60 per cent stake in the company, while institutional investors own 29.30 per cent and general public 10.70 per cent as on January 31, 2018, the DSE data showed.