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The Financial Express

Marico declares 300pc interim cash dividend

FE Online Report | Published: January 29, 2020 13:50:37 | Updated: January 30, 2020 17:27:51


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The board of directors of Marico Bangladesh has declared 300 per cent interim cash dividend for the year ending on March 31, 2020 based on nine months financials for the period ended on December 31, 2019.

The record date for entitlement of interim cash dividend is February 18.

Multinational company’s earnings per share (EPS) stood at Tk 19.68 for October-December 2019 as against Tk 16.47 for October-December 2018.

In nine months for April-December 2019, its EPS was Tk. 67.88 as against Tk. 49.39 for April-December 2018. NOCFPS was Tk. 85.42 for April-December 2019 as against Tk. 61.88 for April-December 2018. NAV per share was Tk. 58.36 as on December 31, 2019 and Tk. 40.49 as on March 31, 2019.

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

Each share of Marico Bangladesh, which was listed on the Dhaka bourse in 2009, closed at Tk 1,680.20 on Tuesday.

The company’s share traded between Tk 1216 and Tk 1,899.50 in the last one year.

The company disbursed a total of 650 per cent cash dividend for the year ended on March 31, 2019.

The company’s paid-up capital is Tk 315 million and authorised capital is Tk 400 million while total number of securities is 31.50 million.

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 2.78 per cent, foreign investors 6.03 per cent and the general public 1.19 per cent as of December 31, 2019, the DSE data showed.

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