The board of directors of Eastern Lubricant Ltd has recommended 100 per cent cash 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 February 8 in Chattogram.
The record date is December 17, 2019.
The state-run company has also reported EPS of Tk. 23.45, NAV per share of Tk. 182.76 and NOCFPS of Tk. 137.47 for the year ended on June 30, 2019 as against Tk. 36.23, Tk. 169.31 and Tk. 87.26 respectively for the same period of the previous year.
In 2018, the company also disbursed 100 per cent cash 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 1976, closed at Tk 1,120.10 on Monday at Dhaka Stock Exchange (DSE).
The company’s paid-up capital is Tk 9.94 million and authorised capital is Tk 50 million while total number of securities is 994,000.
The government owns 51 cent stake in the company, while the institutional investors own 22.88 per cent, and the general public 26.12 per cent as on September 30, 2019, the DSE data shows.