Linde BD recommends 200pc interim div

| Updated: October 16, 2017 07:13:17

Linde BD recommends 200pc interim div

The board of directors of Linde Bangladesh has recommended 200 per cent interim cash dividend for the year that will be ended on December 31, 2017, said an official disclosure on Tuesday.


The record date for entitlement of the dividend is on August 13.


The company also reported second quarter (Q2) earnings per share (EPS) of Tk 12.10 for April-June, 2017 as against Tk 15.14 for April-June, 2016.


In six months for January-June, 2017, EPS was Tk 28.27 as against Tk 31.88 for January-June, 2016.


Net operating cash flow per share (NOCFPS) was Tk 39.04 for January-June, 2017 as against Tk 25.66 for January-June, 2016.


Net asset value (NAV) per share was Tk 227.20 as of June 30, 2017 and Tk 203.00 as of June 30, 2016.


There will be no price limit on the trading of the shares of the multinational company today (Tuesday) following its corporate declaration.


Each share of the multinational company, which was listed on the Dhaka bourse in 1976, closed at Tk 1,294.50 on Wednesday on DSE.


Linde Bangladesh, a multinational company, has been operating gas business in Bangladesh in the last 50 years with continuous expansion in operations and business. It is a pioneer in industrial gas in Bangladesh.


The company disbursed total 310 per cent cash dividend (110 per cent final and 200 per cent interim) for the year ended on December 31, 2016.


 The company’s paid-up capital is Tk 152.18 million and authorised capital is also Tk 200 million, while the total number of securities is 15,218,280.


The sponsor-directors own 60 per cent stake in Linde BD, while institutional investors 29 per cent and the general public 11 per cent as on June 30, 2017, the DSE data shows.

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