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The Financial Express

BATBC declares 300pc final cash, 200pc stock dividend

| Updated: February 14, 2021 15:52:53


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BATBC declares 300pc final cash, 200pc stock dividend

The board of directors of British American Tobacco has recommended 300 per cent final cash dividend and 200 per cent stock dividend for the year ended on December 31, 2020.

However, the total cash dividend will be 600 per cent for the year ended on December 31, 2020, including 300 per cent interim cash dividend, which has already been paid.

The annual general meeting (AGM) will be held on March 28 at 10:30 am using a digital platform. The record date is on March 3.

The multinational company has also reported earnings per share (EPS) of Tk 60.48, net asset value (NAV) per share of Tk 188.89, and NOCFPS of Tk. 83.44 for the year ended on December 31, 2020, as against Tk. 51.37, Tk. 198.85 and Tk. 86.61 respectively for the same period of the previous year.

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

Each share price of the company, which was listed on the Dhaka bourse in 1977, closed at Tk 1,509.70 on Wednesday at Dhaka Stock Exchange (DSE).

Its shares traded between Tk 821.60 and Tk 1765 in the last year.

The company also disbursed 400 per cent cash dividend for the year ended on December 31, 2019.

The company’s paid-up capital is Tk 1.80 billion and authorised capital is also Tk 5.40 billion, while the total number of securities is 180 million.

The sponsor-directors own 72.91 per cent stake in BATBC, while the government owns 0.64 per cent, institutional investors 12.04 per cent, foreign investors 11.14 per cent and the general public 3.27 per cent as on January 31, 2021, the DSE data shows.

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