The board of directors of Marico Bangladesh has recommended 100 per cent final cash dividend (total 600 per cent cash dividend for the financial year 2017-2018 inclusive 500 per cent interim cash dividend, which has already been paid).
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 18, said an official disclosure on Thursday.
The record date for entitlement of dividend is June 7.
The company has also reported EPS of Tk 52.15, NAV per share of Tk 47.38 and NOCFPS of Tk 48.92 for the year ended on March 31, 2018 as against Tk 45.72, Tk. 50.16 and Tk 60.41 respectively for the same period of the previous year.
In 2016, the company also disbursed 500 per cent cash dividend.
There will be no price limit on the trading of the shares of the bank on today (Thursday) following its corporate declaration.
Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 1,255.50 on Wednesday at the Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 315 million and authorised capital is Tk 400 million while the total number of securities is 31.50 million.
The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 2.81 per cent, foreign 6.40 per cent and the general public only 0.79 per cent as on March 31, 2018, the DSE data shows.
