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Meghna Petroleum declares 150pc cash dividend

FE Online Report | Published: November 11, 2019 11:42:19 | Updated: November 12, 2019 16:43:27


Picture used for representational purpose - Collected

The board of directors of Meghna Petroleum Ltd has recommended 150 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Monday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on January 4, 2020 in Chattogram.

The record date is December 01, 2019.

The state-run company has also reported EPS of Tk 35.11, NAV per share of Tk 134.30 and NOCFPS of negative Tk 77.03 for the year ended on June 30, 2019 as against Tk 33.30, Tk 113.20 and Tk 111.77 respectively for the same period of the previous year.

In 2018, the company also disbursed 140 per cent cash dividend.

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 bourse in 2007, closed at Tk 196.10 on Thursday last at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.08 billion and authorised capital is Tk 1.08 billion while total number of securities is 108.21 million.

The government owns 58.67 per cent stake in the company, while the institutional investors own 32.20 per cent, and the general public 9.13 per cent as on October 31, 2019, the DSE data shows.

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