Three more listed companies have recommended dividends ranging from 10 per cent to 150 per cent for the year ended on December 31, 2017, according to separate official disclosures Wednesday.
The boards of Heidelberg Cement Bangladesh and Eastern Bank Limited (EBL) recommended dividends less than that of the previous year while the board of First Security Islami Bank recommended dividend equal to that of the previous year.
Heidelberg Cement: The board of directors of Heidelberg Cement Bangladesh recommended 150 per cent cash dividend for the year ended on December 31, 2017.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 7 at the factory office in Narayangonj. The record date for entitlement of dividend is on May 20.
The multinational cement manufacturer has also reported earnings per share (EPS) of Tk 14.21, net asset value (NAV) per share of Tk 83.17 and net operating cash flow per share (NOCFPS) of Tk 14.09 for the year ended on December 31, 2017 as against Tk 26.69, Tk 98.96 and Tk 30.50 respectively for the same period of the previous year.
In 2016, the company disbursed 300 per cent cash dividend.
Each share of the company, which was listed on the Dhaka bourse in 1989, closed at Tk 387.90, on Wednesday, losing 0.76 per cent over the previous day.
Eastern Bank: The board of directors of Eastern Bank recommended 20 per cent cash dividend for the year ended on December 31, 2017. The bank's AGM will be held on June 5 and the record date is on May 20.
The bank also reported consolidated EPS of Tk 3.29, consolidated NAV per share of Tk 29.64 and consolidated NOCFPS of minus Tk 9.21 for the year ended on December 31, 2017 as against Tk 3.68, Tk. 28.23 and minus Tk 7.63 respectively for the same period of the previous year.
In 2016, the company also disbursed 20 per cent cash and 5.0 per cent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 1993, closed at Tk 38.80 on Wednesday, shedding 3.48 per cent over the previous session.
First Security Islami Bank: The board of directors of First Security Islami Bank recommended 10 per cent stock dividend for the year ended on December 31, 2017.
The bank's AGM will be held on June 26 in Dhaka and the record date for entitlement of dividend is on May 21.
In 2016, the company also disbursed 5.0 per cent cash and 5.0 per cent stock dividend.
Each share of the bank, which was listed on the Dhaka bourse in 2008, closed at Tk 12.90 on Wednesday at the Dhaka Stock Exchange (DSE).
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