Linde Bangladesh’s board of directors has recommended a 400 per cent cash dividend for the year which concluded on December 31, 2020.
The Annual General Meeting (AGM), which is scheduled for May 27 at 11 am via a digital platform, will see the final approval of the dividend. The company stated in a filing with the Dhaka Stock Exchange that the record date is scheduled for April 29.
An earnings per share (EPS) reported by the multinational company was at Tk 70.55, NAV per share was at Tk 355.75 and NOCFPS of Tk 77.70 for the year which concluded on December 31, 2020 as against Tk 80.93, Tk 335.70 and Tk 102.84 respectively for the same period in 2019.
The multinational company also disclosed its first quarter (Q1) unaudited financial statements on April 11.
Based on the first quarter financial statements, the company’s EPS was Tk 18.88 for January-March 2021 as against Tk. 20.36 for January-March 2020. NOCFPS was Tk. 10.88 for January-March 2021 as against Tk. 10.12 for January-March 2020. NAV per share was Tk. 374.63 as on March 31, 2021 and Tk. 355.75 as on March 31, 2020.
The company disbursed 500 per cent cash dividend in 2019.
Each share of the company, which was listed on the DSE in 1976, closed at Tk 1,328.20 on April 8.
The company’s paid-up capital is Tk 152.18 million (Tk 15.22 crore) and authorized capital is Tk 200 million (Tk 20 crore), while the total number of securities is 15.21 million (1.521 crore).
The DSE data illustrated that the sponsor-directors owned 60 per cent stake in the company while the institutional investors own 31.60 per cent and the general public owned 8.40 per cent as on February 28, 2021.
There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.