Power Grid Company recommends 17pc cash dividend

FE Online Report | Published: November 05, 2018 11:06:48 | Updated: November 06, 2018 10:37:12


The board of directors of Power Grid Company of Bangladesh Limited has recommended 17 per cent cash dividend for the year ended on June 30, 2018, according to an official disclosure on Monday.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 19 in Dhaka.

The record date is November 26.

The Company has also reported EPS of Tk. 4.73, NAV per share of Tk. 108.12, and NOCFPS of Tk. 27.51 for the year ended on June 30, 2018 as against Tk. 4.33, Tk. 89.79, and Tk. 21.62 respectively for the corresponding period of the previous year.

The company also disclosed un-audited first quarter earnings today. According to the Q1 report, EPS was Tk 2.43 for July-September 2018 as against Tk 1.69 for the same period of 2017.

NOCFPS was Tk. 3.14 for July-September 2018 as against Tk. 2.80 for July-September 2017. NAV per share was Tk. 114.21 as on September 30, 2018 which was Tk. 94.20 as on September 30, 2017.

The company, which was listed on the Dhaka bourse in 2006, disbursed 15 per cent cash dividend in 2017.

Each share of the company closed at Tk 47.90 on Sunday at Dhaka Stock Exchange.

There will be no price limit today on the trading of shares of the company following its corporate disclosure.

The company’s paid-up capital is Tk 4.60 billion and authorised capital is Tk 10 billion, while total number of securities is 460.91 million, according to statistics from the DSE.

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