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Grameenphone declares 90pc interim cash dividend

FE Online Report | Published: July 15, 2019 11:35:53 | Updated: July 16, 2019 12:25:25


The board of directors of Grameenphone (GP) has recommended interim cash dividend for the year 2019 at the rate of 90 per cent cash dividend out of the audited net profits of the company for the half year ended on June 30, 2019.

The largest market cap company declared the dividend of the paid up capital of the company which represents 67 per cent of the profit after tax for the half year ended on June 30, 2019 (Tk 9.0 per share of Tk 10.0 each), said an official disclosure on Monday.

The record date for entitlement of the dividend is August 4, 2019.

The multinational company has also reported earnings per share (EPS) for April-June 2019 of Tk 7.07 as against Tk 7.70 for April-June 2018.

In the six months for January-June 2019, its EPS was Tk 13.37 as against Tk 12.10 for January-June, 2018.

The net operating cash flow per share (NOCFPS) was Tk 20.94 for January-June 2019 as against Tk 20.30 for January-June, 2018.

The net asset value (NAV) per share was Tk 25.15 as on June 30, 2019 and Tk 27.28 as on June 30, 2018.

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

The company’s share closed at Tk 344.70 each on Sunday at DSE. Its share traded between Tk 329.10 and Tk 419.90 in the last one year.

The company disbursed 280 per cent cash dividend for the year that ended on December 31, 2018.

The company’s paid-up capital is Tk 13.50 billion; authorised capital is Tk 40 billion and the total number of securities is1.35 billion.

The sponsor-directors own 90 per cent stake in the company, while institutions 3.93 per cent, foreign investors 3.98 per cent and the general shareholders remaining 2.09 per cent as of June 30, 2019, the DSE data shows.

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