The board of directors of Linde Bangladesh has recommended 375 per cent cash dividend for the year ended on December 31, 2018.
The final approval of dividend will come during the annual general meetings (AGM) scheduled to be held on April 30. Time and venue of the AGM will be notified later, said an official disclosure on Tuesday.
The record date for entitlement of the dividend is on March 25.
The multinational company’s earnings per share (EPS) stood at Tk 65.96, NAV per share was Tk. 293.90 and NOCFPS was Tk. 76.87 for the year ended on December 31, 2018 as against Tk 62.60, Tk 241.54 and Tk 76.13 respectively for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration.
Linde Bangladesh, which was listed on the DSE in 1976, disbursed 340 per cent cash dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 1347.80 on Monday at Dhaka Stock Exchange.
In the last one year, its shares traded between Tk 1,070 and Tk 1,384.
The company’s paid-up capital is Tk 152.18 million, authorised capital is Tk 200 million and the total number of securities is 15.21 million.
The sponsor-directors own 60 per cent stake in the company, while institutional investors own 29.60 per cent, and the general public 10.40 per cent as of January 31, 2109.
Linde Bangladesh is a member of the Linde Group that has been present in Bangladesh for over 50 years with continuous expansion in operations and business.