The Financial Express

GP declares 130pc interim cash dividend

| Updated: July 17, 2020 10:05:55

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The board of directors Grameenphone (GP) has declared 130 per cent interim cash dividend for the year ending 2020, said an official disclosure on Wednesday.

The largest market cap company declared the dividend of the paid up capital of the company which represents 98 per cent of the profit after tax for the half year ended on June 30, 2020,

The record date for entitlement of the dividend is August 5, 2020.

The GP has also reported earnings per share of Tk 5.38 for April-June 2020 as against Tk 7.07 for April-June 2019.

In six months for January-June 2020, EPS was Tk 13.30 as against Tk 13.37 for January-June 2019.

Its net operating cash flow per share (NOCFPS) was Tk 6.13 for January-June 2020 as against Tk 20.94 for January-June 2019.

The net asset value (NAV) per share was Tk 37.70 as of June 30, 2020, and Tk 28.40 as of December 31, 2019.

There will be no price limit on the trading of the shares of the GP today following its corporate declaration; however, as per the BSEC Order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2009, closed at Tk 239.10 on Tuesday.

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

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