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The Financial Express

Marico Bangladesh declares 200pc interim dividend

| Updated: April 02, 2019 11:14:00


Marico Bangladesh declares 200pc dividend

The board of directors of Marico Bangladesh Limited has recommended 200 per cent (Third) interim cash dividend on the basis of audited financial statements for 11 months period for the period ended on February 28, 2019.

The company’s financial year ended on March 31, 2019.

The record date for entitlement of the interim cash dividend is April 18.

The company has also reported earnings per share (EPS) of Tk 61.55, net operating cash flow per share (NOCFPS) of Tk 80.88 and the net asset value (NAV) per share of Tk 58.93 for the period ended on February 28, 2019 which was Tk 49.75, Tk 41.61 and Tk 47.38 for the same period of the previous year.

The company has already disbursed two interim cash dividend this financial year.

The company has disbursed 150 per cent first interim cash dividend based on three months financials for the period ended on June 30, 2018.

The company has also disbursed 250 per cent second interim cash dividend based on six months financials for the period ended on September 30, 2018.

The company disbursed a total of 600 per cent cash dividend for the year ended on March 31, 2018.

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

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 1,436.80 on Sunday 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 2.68 per cent, foreign 6.55 per cent and the general public only 0.77 per cent as on February 28, 2018, the DSE data shows.

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