Marico Bangladesh declares 150pc interim cash dividend

FE Online Report | Published: July 19, 2018 11:43:44 | Updated: July 20, 2018 10:10:20

The board of directors of Marico Bangladesh Limited has declared 150 per cent interim cash dividend, said an official disclosure on Thursday.

The board of directors has declared the interim cash dividend based on three months financials for the period ended on June 30, 2018.

The record date for entitlement of interim cash dividend is on August 9.

The multinational company has also reported un-audited earnings per share (EPS) of Tk 17.62 for April-June 2018 as against 15.71 in the same period a year ago.

The net operating cash flow per share (NOCFPS) was Tk 29.74 for April-June 2018 as against Tk 23.05 for April-June 2017.

The net asset value (NAV) per share was Tk 65 as on June 30, 2018 and Tk 47.38 as on March 31, 2018.

In 2017, the company also disbursed a total of 500 per cent cash dividend.

There will be no price limit on the trading of the shares of the bank on today (Thursday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 1,153.90 on Wednesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 315 million and authorised capital is Tk 400 million while the total number of securities is 31.50 million.

The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 2.74 per cent, foreign 6.53 per cent and the general public only 0.73 per cent as on June 30, 2018, the DSE data shows.


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