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Grameenphone (GP), the country’s largest mobile phone operator, has recommended a 170 per cent final cash dividend (totaling 330 per cent) for the year ended December 31, 2024.
The total dividend represents 122.73 per cent of profit after tax for the year 2024, including a 160 per cent interim cash dividend, which has already been paid, according to a filing with the Dhaka Stock Exchange (DSE) on Tuesday.
The company has also reported earnings per share (EPS) of Tk 26.89, net asset value (NAV) per share of Tk 47.95, and net operating cash flow per share (NOCFPS) of Tk 45.91 for the year ended December 31, 2024, compared to Tk 24.49, Tk 49.39, and Tk 44.88 for the year ended December 31, 2023.
The annual general meeting (AGM) will be held on April 23. The record date is February 26.
The telecom operator disbursed 125 per cent cash dividends in 2023, the lowest in 13 years, while its dividend payout ratio was the lowest in four years, as the telecom operator had to spend more on dispute resolutions.
The company’s stock price rose 0.06 per cent to Tk 337 on Monday over the previous day.