Three cos recommend dividend up to 130pc
FE Report | Monday, 12 November 2018
The board of directors of three more state-run companies have recommended dividend for the year ended on June 30, 2018, according to official disclosures on Sunday.
The companies are: Padma Oil Company, Eastern Lubricants and National Tubes.
Padma Oil: Padma Oil Company has recommended 130 per cent cash dividend for the year ended on June 30, 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on February 16, 2019 in Chattogram.
The record date is on December 19.
The company has also reported earnings per share (EPS) of Tk 34.18, net asset value (NAV) per share of Tk 126.78 and net operating cash flow per share (NOCFPS) of Tk 36.37 in the negative for the year ended on June 30, 2018 as against Tk 20.68, Tk 103.60 and Tk 116.42 respectively for the same period of the previous year.
In 2017, the company disbursed 110 per cent cash dividend.
Each share of the company, which was listed on the DSE in 1976, closed at Tk 241.30 on Sunday, losing 3.67 per cent over the previous day.
Eastern Lubricants: Eastern Lubricants has recommended 100 per cent cash dividend for the year ended on June 30, 2018.
The AGM will be held on January 19, 2019 in Chattogram. The record date is on December 03.