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Meghna Cement recommends 15pc dividend

FE Online Report | Published: November 12, 2019 11:27:11 | Updated: November 13, 2019 12:04:30


The board of directors of Meghna Cement Mills has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Tuesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 19 at the International Convention City Bashundhara in Dhaka.

The record date is December 2, 2019.

The company has also reported EPS of Tk. 2.92, NAV per share of Tk. 33.19 and NOCFPS of Tk. 39.45 for the year ended on June 30, 2019 as against Tk. 3.29, Tk. 34.85 and negative Tk. 3.03 respectively for the same period of the previous year.

In 2018, the company also disbursed 10 per cent stock 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 1995, closed at Tk 78.70 on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 247.50 million and authorised capital is Tk 5.0 billion while total number of securities is 24.75 million.

The sponsor-director own 49.77 per cent stake in the company, while the institutional investors own 32.70 per cent, and the general public 17.53 per cent as on October 31, 2019, the DSE data shows.

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