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Four more listed cos recommend dividend

FE Online Report | Published: November 08, 2017 11:43:18 | Updated: November 09, 2017 11:25:07


The board of directors of four more listed companies – Padma Oil Company, Orion Pharmaceuticals, Orion Infusions and National Tubes – have recommended dividend for the year ended on June 30, 2017, according to separate official disclosures on Wednesday.

Padma Oil: The board of directors of Padma Oil Company has recommended 110 per cent cash dividend for the year ended on June 30, 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on February 17, 2018 in Chittagong.

The record date for entitlement of dividend is on December 18.

The company has also reported earnings per share (EPS) of Tk 20.68, net asset value (NAV) Tk 103.60 per share and net operating cash flow per share (NOCFPS) of Tk 116.42 for the year ended on June 30, 2017 as against Tk 19.07, Tk 92.92 and Tk 80.22 respectively for the same period of the previous year.

Orion Pharma: The board of directors of Orion Pharmaceuticals has recommended 15 per cent cash dividend for the year ended on June 30, 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 14 in Dhaka.

The record date for entitlement of dividend is on November 29.

The company has also reported consolidated earnings per share (EPS) of Tk 3.40, consolidated net asset value (NAV) Tk 70.95 per share (including revaluation surplus) and consolidated NOCFPS of Tk 9.62 for the year ended on June 30, 2017 as against Tk 5.65, Tk. 69.99 and Tk 16.62 respectively for the year ended on June 30, 2016.

Orion Infusions: The board of directors of Orion Infusions has recommended 14 per cent cash dividend for the year ended on June 30, 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 14 in Dhaka.

The record date for entitlement of dividend is on November 29.

The company has also reported EPS of Tk 1.53, NAV per share of Tk 12.57 and NOCFPS of Tk 1.38 for the year ended on June 30, 2017 as against Tk 5.25, Tk 12.98 and Tk 5.15 respectively for the same period of the previous year.

National Tubes: The board of directors of National Tubes has recommended 10 per cent stock dividend for the year ended on June 30, 2017.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 24 in Gazipur.

The record date for entitlement of dividend is on November 27.

The state-run company has also reported EPS of Tk (2.86), NAV per share of Tk 215.20 and NOCFPS of Tk 1.24 for the year ended on June 30, 2017 as against Tk 0.03, Tk. 239.63 and Tk 2.26 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of these companies today (Wednesday) following their corporate declarations.

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