The board of directors of Heidelberg Cement Bangladesh Limited has recommended 150 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 7 at factory office in Narayangonj.
The record date for entitlement of dividend is May 20.
The Company has also reported EPS of Tk 14.21, NAV per share of Tk 83.17 and NOCFPS of Tk 14.09 for the year ended on December 31, 2017 as against Tk 26.69, Tk. 98.96 and Tk 30.50 respectively for the same period of the previous year.
In 2016, the company also disbursed 300 per cent cash dividend.
There will be no price limit on the trading of the shares of the company on today (Wednesday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 390.90 on Tuesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 565.04 million and authorised capital is Tk 1.0 billion while the total number of securities is 56.50 million.
The sponsor-directors own 60.67 per cent stake in the company, while the institutional investors own 26.79 per cent, foreign 1.33 per cent and the general public 11.21 per cent as on March 31, 2018, the DSE data shows.
