BATBC recommends 600pc cash dividend

British American Tobacco Bangladesh Company (BATBC) has recommended 600 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Tuesday.

The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 17 at 10:30am at Pan Pacific Sonargaon Hotel in Dhaka.

The record date for entitlement of dividend is on March 27, 2017.

The multinational company has also reported earnings per share (EPS) of Tk 130.50, net asset value (NAV) per share of Tk 385.21 and net operating cash flow per share (NOCFPS) of Tk 162.22 for the year ended on December 31, 2017 as against Tk 126.37, Tk 314.71 and Tk 70.58 respectively for the same period of the previous year.

Each share price of the company, which was listed on the Dhaka bourse in 1977, closed at Tk 3,538.90 on Tuesday, losing 2.28 per cent or Tk 82.70 each.

The company also disbursed 600 per cent cash dividend the year ended on December 31, 2016. In 2015, the company paid 550 per cent cash dividend.

The company's paid-up capital is Tk 600 million and authorised capital is also Tk 600 million, while the total number of securities is 60 million.

The sponsor-directors own 72.91 per cent stake in BATBC, while government holds 0.64 per cent, institutional investors 10.42 per cent, foreign investors 15.32 per cent and the general public only 0.71 per cent as on January 31, 2018, the DSE data shows.

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