The board of directors of Grameenphone (GP) has recommended 100 per cent final cash dividend for the year ended on December 31, 2017, said an official discourse on Tuesday.
The total dividend for the year 2017 will be 205 per cent as the country’s largest market cap listed company already paid 105 per cent interim cash dividend for the year ended on December 31, 2017.
The final approval will come during the annual general meeting (AGM) scheduled to be held on April 19 at 10:30am at International Convention City, Bashundhara in Dhaka.
The record date is on February 19.
The company has also reported earnings per share (EPS) of Tk 20.31, net asset value (NAV) per share of Tk 26.10 and net operating cash flow per share (NOCFPS) of Tk 42.79 for the year ended on December 31, 2017 as against Tk 16.68, Tk 24.86 and Tk 34.18 respectively for the same period of the previous year.
In 2016, the company disbursed total 175 per cent cash dividend.
There will be no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration, said the discourse.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 510.30 on Monday at Dhaka Stock Exchange (DSE), gaining 0.98 per cent over the day before.
The company’s paid-up capital is Tk 13.50 billion and authorised capital is Tk 40 billion, while the total number of securities is 1.35 billion.
The sponsor-directors own 90 per cent stake in company, while institutional investors own 4.55 per cent, foreign 3.42 per cent and the general public 2.03 per cent as on December 28, 2017, the DSE data shows.
