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Marico declares 200pc interim cash dividend

Premier Bank to pay 15.50pc stock dividend


FE Report | April 02, 2019 00:00:00


The board of directors of Marico Bangladesh has declared 200 per cent interim cash dividend on the basis of audited financial statements for 11 months period for the period ended on February 28, 2019.

The record date for entitlement of the interim cash dividend is on April 18, said an official disclosure on Monday.

The multinational company has also reported earnings per share (EPS) of Tk 61.55, net operating cash flow per share (NOCFPS) of Tk 80.88 and the net asset value (NAV) per share of Tk 58.93 for the period ended on February 28, 2019 which was Tk 49.75, Tk 41.61 and Tk 47.38 for the same period of the previous year.

The company has already disbursed two interim cash dividends this financial year.

The company has disbursed 150 per cent (first) interim cash dividend based on three months financials for the period ended on June 30, 2018.

The company has also disbursed 250 per cent (second) interim cash dividend based on six months financials for the period ended on September 30, 2018.

The company disbursed a total of 600 per cent cash dividend for the year ended on March 31, 2018.

Each share of the company, which was listed on the Dhaka bourse in 2009, closed at Tk 1,387.60 on Monday, losing 3.42 per cent over the previous day.

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.

The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 2.68 per cent, foreign 6.55 per cent and the general public only 0.77 per cent as on February 28, 2018, the DSE data shows.

Premier Bank: The board of directors of Premier Bank has recommended 15.50 per cent stock dividend for the year ended on December 31, 2018.

The final approval of dividend will come during the annual general meeting scheduled to be held on May 12 at 10:30am in Dhaka. The record date is on April 23.

The bank has also reported consolidated EPS of Tk 2.84, consolidated NAV per share of Tk 19.27 and consolidated NOCFPS of Tk 2.75 for the year ended on December 31, 2018 as against Tk 2.46, Tk 16.45 and Tk 3.10 respectively for the same period of the previous year.

In 2017, the bank disbursed 15 per cent stock dividend.

Each share of the bank, which was listed on the Dhaka bourse in 2007, closed at Tk 13.70 on Monday, remaining unchanged over the previous day.

In the last one year, its share traded between Tk 9.70 and Tk 17.17 per cent each.

The bank's paid-up capital is Tk 8.0 billion and authorised capital is Tk 10 billion while the total number of securities is 800.08 million.

The sponsor-directors own 35.22 per cent stake in the company, while the institutional investors own 17 per cent, and the general public 47.78 per cent as on February 28, 2018, the DSE data shows.

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