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The board of directors of Eastern Lubricants Blenders Ltd., a state-owned lubricant blender and base oil importer, has recommended 80 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2024.
The final approval of dividends will come during the annual general meeting (AGM) scheduled for February 9, 2025, at 11:00 am through a digital platform.
The record date for entitlement of dividends is on December 9, 2024.
The company has also reported earnings per share (EPS) of Tk 24.82, net asset value per share (NAV) per share of Tk 190.87 and net operating cash flow per share (NOCFPS) of Tk 5.63 for the year ended on June 30, 2024, as against Tk 19.81 (restated), Tk 188.63 and Tk 107.90 respectively for the same period of the previous year.
The board of Eastern Lubricants Blenders Ltd recommended a 60 per cent cash dividend and a 10 per cent stock dividend in 2023.
There will be no price limit on trading of the shares of the Company today (Thursday) following its corporate declaration.