The board of directors of LafargeHolcim Bangladesh has recommended 10 per cent cash dividend for the year ended on December 31, 2018.
The final approval of dividend will come during its annual general meeting (AGM) scheduled for May 16, said an official disclosure on Thursday.
The record date for entitlement of the dividend is March 24.
The multinational company's consolidated profit stood at Tk 1.11 billion for the year ended on December 31, 2018, up 38 per cent from Tk 805 million in the previous year.
The multinational company's consolidated earnings per share (EPS) rose more than 39 per cent to Tk 0.96 for the year ended on December 31, 2018 as against Tk 0.69 in the previous year.
The net asset value (NAV) per share was Tk 13.41 for the year ended on December 31, 2018 as against Tk 13.15 in the previous year.
The net operating cash flow per share (NOCFPS) was Tk 2.68 for the year ended on December 31, 2018 as against Tk 1.17 in the previous year.
There will be no price limit on the trading of the shares of the company on March 03 (Sunday) following its corporate declaration.
LafargeHolcim, listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2017.
Each share of the company closed at Tk 40.80 on the Dhaka Stock Exchange on Wednesday, the last trading day of the week.
In the last one year, its shares traded between Tk 39 and Tk 68.10.
The company's paid-up capital is Tk 11.61 billion, authorised capital is Tk 14 billion and the total number of securities is 1.16 billion.
The sponsor-directors own 64.68 per cent stake in the company, while institutional investors own 15.42 per cent, foreign investors 0.94 per cent and the general public 18.96 per cent as of January 31, 2109.
LafargeHolcim Bangladesh is a frontline cement producer in Bangladesh.
Operating for more than a decade, it has made about US$ 500 million investment in building one fully integrated cement plant and three grinding plants -- the largest foreign direct investment in the sector.
The company's cement plant in Chattak is the only fully integrated cement plant in Bangladesh where clinker and cement of high premium quality are produced.
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