Marico Bangladesh, a listed multinational company, has declared third interim 200 per cent cash dividend based on nine months financials for the period ended on December 31, 2020.
The board of directors of the India-based fast-moving consumer goods company, at a meeting on Monday approved the dividend for the year ending on March 31, 2021.
The record date for entitlement of the interim cash dividend is February 15, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website on Tuesday.
The company's earnings per share (EPS) rose 16.89 per cent in nine months to Tk 79.35 for April-December, 2020 as against Tk 67.88 for the same period a year ago.
The company has also reported EPS Tk 22.68 for October-December 2020 as against Tk 19.68 for October-December 2019.
The net operating cash flow per share (NOCFPS) was Tk 101.79 for April-December 2020 as against Tk 85.40 for April-December 2019.
The net asset value (NAV) per share was Tk 53.25 as on December 31, 2020 and Tk 44.05 as on March 31, 2020.
Earlier in July, 2020, the company declared the first interim dividend of 300 per cent cash based on three months financials for the period ended on June 30, 2020.
In October, 2020, the company declared the second interim dividend of 200 per cent cash based on six months financials for the period ended on September 30, 2020.
So, the company has so far declared total 700 per cent interim cash dividend in the last three quarters ended on December 31, 2020 for the year ending on March 31, 2021.
The company, however, disbursed a total 950 per cent cash dividend for the year ended on March 31, 2020.
Marico Bangladesh was listed on the Dhaka Stock Exchange (DSE) in 2009. Each share of the company closed at Tk 2,158.10 on Tuesday, losing 0.13 per cent over the previous day.
Its share traded between Tk 1,439.80 and Tk 2,472.20 in the last one year.
The company is engaged in manufacturing and marketing consumer products. Its flagship product - Parachute's coconut oil -- continues to dominate its competition in the sector.
The other hair oils retailed through the brand include Parachute Advanced Beliphool, Nihar Naturals Shanti BadamAmla and Parachute Advanced Extra Care.
The company's paid-up capital is Tk 315 million and authorised capital is Tk 400 million while total number of securities is 31.50 million.
The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 3.65 per cent, foreign investors 4.57 per cent and the general public only 1.78 per cent as on December 31, 2020, the DSE data shows.
Singer Bangladesh: The board of directors of Singer Bangladesh has recommended 30 per cent cash dividend for the year ended on December 31, 2020.
The final approval will come during the annual general meeting scheduled to be held on April 15 through digital platform.
The record date is on February 16.
Singer's consolidated EPS fell 24.15 per cent to Tk 7.85, consolidated NAV per share of Tk 32.19 and consolidated NOCFPS of Tk 9.08 for the year ended on December 31, 2020 as against Tk 10.35, Tk 32.02 and Tk 13.59 respectively for the same period of the previous year.
Each share of the company, which was listed on the DSE in 1983, closed at Tk170.10 each, losing 4.87 per cent over the previous day.
In 2019, the company disbursed 77 per cent cash dividend.
© 2024 - All Rights with The Financial Express
