The Financial Express

GP declares 125pc interim cash dividend

| Updated: July 20, 2021 09:00:53

GP declares 125pc interim cash dividend

The board of directors of Grameenphone (GP), the largest market-cap listed company, has recommended a 125 per cent interim cash dividend for the year ending 2021.

This interim cash dividend represents 97 per cent of the profit after tax for the half-year of 2021, out of the audited net profits of the company for the six months ended on June 30, 2021, the company said in a filing with the Dhaka Stock Exchange (DSE) on Thursday.

The record date for entitlement of the interim cash dividend is set on August 9.

As per the audited financial statements, the GP has reported earnings per share (EPS) of Tk 6.30 for April-June 2021 as against Tk 5.38 for April-June 2020.

In the six months period for January-June 2021, the company’s EPS was Tk 12.89 as against Tk 13.30 for January-June 2020.

The net operating cash flow per share (NOCFPS) was Tk 21.88 for January-June 2021 as against Tk 6.13 for January-June 2020.

The net asset value (NAV) per share was Tk 36.98 as of June 30, 2021, and Tk 38.59 as of December 31, 2020.

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

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2009, closed at Tk 355.20 on Wednesday.

The GP disbursed a total 275 per cent cash dividend for the year ended on December 31, 2020. In 2019, it provided a 130 per cent cash dividend.

The company’s paid-up capital is Tk 13.50 billion, authorised capital is Tk 40 billion and the total number of securities is 1.35 billion.

The sponsor-directors own 90 per cent stake in the company while the institutional investors own 4.66 per cent, foreign investors 3.16 per cent and the general public 2.18 per cent as of May 31, 2021, the DSE data shows.

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