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The Financial Express

Power Grid declares 20pc cash dividend

| Updated: November 10, 2020 10:20:39


Lankabangla and Fianancial Express Lankabangla and Fianancial Express
Power Grid declares 20pc cash dividend

The board of directors of state-run Power Grid Company of Bangladesh has recommended a 20 per cent cash dividend for the year ended on June 30, 2020.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on January 16, 2021 at 10:00 am through Digital Platform.

The record date is November 26, said an official disclosure on Sunday.

The company has also reported EPS of Tk. 4.45, NAV per share of Tk. 110.39 and NOCFPS of Tk. 17.63 for the year ended on June 30, 2020 as against Tk. 5.39 (restated), Tk. 92.97 (restated) and Tk. 9.98 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the Company today (08.11.2020) following its corporate declaration, however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

The company also disclosed for July-September 2020 quarter financial statements on Sunday.

As per the July-September, 2020 disclosures, the EPS was Tk 1.91 for the July-September, 2020 as against Tk 1.85 for July-September 2019.

Each share of the company, which was listed on the Dhaka bourse in 2006, closed at Tk47.80 on Thursday last.

The company also disbursed 20 per cent cash dividend in 2019.

The company’s paid-up capital is Tk 7.12 billion and authorised capital is Tk 10 billion while the total number of securities is 712.72 million.

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