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Marico BD declares 200pc interim cash dividend

FE Online Report | Published: October 22, 2019 12:01:43 | Updated: October 23, 2019 11:28:40


The board of directors of Marico Bangladesh Limited has declared 200 per cent interim cash dividend for the year ending on March 31, 2020 based on six months financials for the period ended on September 30, 2019.

The record date for entitlement of interim cash dividend is on November 12, 2019.

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

Each share of the multinational company closed at Tk 1,755 on Monday at Dhaka Stock Exchange.

The company, which was listed on the Dhaka bourse in 2009, disbursed total 650 per cent cash dividend for the year ended on March 31, 2019.

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 2.56 per cent, foreign investors 6.33 per cent and the general public only 1.11 per cent as on September 30, 2019.

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