The Financial Express
Swasti Lankabangla Swasti Lankabangla

Padma Oil recommends 130pc cash dividend

| Updated: November 09, 2019 11:26:55

Picture used for representational purpose - Collected Picture used for representational purpose - Collected

The board of directors of Padma Oil Company has recommended 130 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Tuesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on January 18 in Chattogram.

The record date is November 26, 2019.

The state-run company has also reported EPS of Tk. 29.07, NAV per share of Tk. 142.85 and NOCFPS of Tk. (52.29) for the year ended on June 30, 2019 as against Tk. 34.18, Tk. 126.78 and Tk. (36.37) respectively for the same period of the previous year.

In 2018, the company also disbursed 130 per cent cash dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 1976, closed at Tk 230.10 on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 982.32 million and authorised capital is Tk 1.0 billion while total number of securities is 98.23 million.

The government owns 50.35 cent stake in the company, while the institutional investors own 31.20 per cent, foreign 2.13 per cent and the general public 16.32 per cent as on September 30, 2019, the DSE data shows.


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