Bangladesh
5 years ago

Marico declares 250pc interim cash dividend

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The board of directors of the Marico Bangladesh Ltd has declared 250 per cent interim cash dividend based on three months financials for the period ended on June 30, 2019.

The record date for entitlement of interim cash dividend is August 20, 2019, said an official disclosure on Thursday.

The multinational company’s earnings per share (EPS) stood at Tk 26.95 for April-June 2019 as against Tk 17.62 for April-June 2018.

The company’s net operating cash flow per share (NOCFPS) was Tk 36.56 for April-June 2019 as against Tk 29.59 for April-June 2018.

The net asset value (NAV) per share was Tk 66.85 as on June 30, 2019 and Tk 41.34 as on March 31, 2019.

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

The company’s share closed at Tk 1528.40 on Wednesday at the Dhaka Stock Exchange.

The company, which was listed on the DSE in 2000, disbursed a total of 600 per cent cash dividend in 2018.

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

The sponsor-directors own 90 per cent stake in the company, while institutional investors own 2.31 per cent, foreign investors 6.93 per cent and the general public only 0.76 per cent as of June 30, 2019.

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