Marico recommends 250pc interim cash dividend

FE Online Report | Published: October 26, 2017 11:49:25 | Updated: October 26, 2017 15:37:17

The board of directors of Marico Bangladesh Limited has recommended 250 per cent interim cash dividend for the period ended on September 30, 2017 based on 6 months financials for the period ended on September 30, 2017, said an official disclosure on Thursday.

The record date for entitlement of interim cash dividend is on November 14, 2017.

The multinational company has also reported earnings per share (EPS) of Tk 14.49 for July-September, 2017 as against Tk. 13.61 for July-September, 2016. EPS was Tk. 30.21 for April-September, 2017 as against Tk. 27.90 for April-September, 2016.

Net operating cash flow per share (NOCFPS) was Tk. 45.91 for April-September, 2017 as against Tk 25.21 for April-September, 2016.

Net asset value (NAV) per share was Tk. 75.37 as of September 30, 2017 and Tk 50.16 as of March 31, 2016.

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

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at 1,148.40 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.

Sponsor-directors own 90 per cent stake in the company, while institutional investors own 2.84 per cent, foreign 6.11 per cent and the general public only 1.05 per cent as on September 30, 2017, the DSE data shows.

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