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The Financial Express

Six cos recommend dividend

FE Report | Published: February 29, 2020 10:54:16 | Updated: March 01, 2020 17:35:51


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The board of directors of six listed firms declared dividend up to 530 per cent for the year ended on December 31, 2019 in the outgoing week.

The companies are: GlaxoSmithKline Bangladesh, British American Tobacco Company, Linde Bangladesh, IDLC Finance, IPDC Finance and United Finance.

On the other hand, Prime Insurance declared 'no' dividend for the year ended on December 31, 2019.

GlaxoSmithKline: GlaxoSmithKline has recommended 530 per cent cash dividend for the year ended on December 31, 2019.

The annual general meeting (AGM) scheduled to be held on April 16. The record date is on March 16.

The company has also reported earnings per share (EPS) of Tk 81.83 for the year ended on December 31, 2019 as against Tk 52.75 in the negative for the same period of the previous year.

Each share of the company, which was listed on the Dhaka bourse in 1976, closed at Tk 1,907.40 on Thursday, gaining 2.89 per cent over the week before.

Linde BD: Linde BD has recommended 500 per cent cash dividend for the year ended on December 31, 2019.

The record date is on March 12.

The company has also reported EPS of Tk 80.93, NAV per share of Tk 335.70 and NOCFPS of Tk 102.84 for the year ended on December 31, 2019 as against Tk 65.96, Tk 293.90 and Tk 76.87 respectively for the same period of the previous year.

Each share of the company, which was listed on the Dhaka bourse in 1976, closed at Tk 1,300.4 on Thursday, losing 1.48 per cent over the previous week.

BATBC: The BATBC has recommended 400 per cent cash dividend for the year ended on December 31, 2019.

The AGM will be held on April 22 and the record date is on March 12.

The company has also reported EPS of Tk 51.37, NAV per share of Tk 198.85 and NOCFPS of Tk 86.61 for the year ended on December 31, 2019 as against Tk 55.62, Tk 164.05 and Tk 49.58 respectively for the same period of the previous year.

Each share of the company closed at Tk 986.40, losing 8.41 per cent over the previous week.

IDLC Finance: The IDLC Finance has recommended 35 per cent cash dividend for the year ended on December 31, 2019.

The AGM will be held on March 30 and the record date is on March 12.

Its consolidated EPS stood at Tk 4.51, consolidated NAV per share of Tk 37.18 and consolidated NOCFPS of Tk 9.12 in the negative for the year ended on December 31, 2019 as against Tk 5.76, Tk 36.17 and Tk 11.05 respectively for the same period of the previous year.

IPDC: IPDC Finance has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019.

The AGM will be held on March 31 and the record date is on March 11.

United Finance: The United Finance has recommended 10 per cent cash dividend for the year ended on December 31, 2019.

The AGM will be held on April 23 and the record date is on March 12.

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