Linde Bangladesh has declared a 400% final cash dividend for 2024, bringing its total return on investments to an extraordinary 4,500% for the year, marking the highest-ever annual cash dividend in Bangladesh’s stock market. The company previously paid 4,100% interim cash dividends, largely due to income from the sale of its subsidiary, Linde Industries Pvt Ltd, for Tk 7.72 billion. Despite strong dividend payouts, Linde’s core business saw a decrease in profit, with its earnings per share (EPS) for the year at Tk 421.94, including extraordinary income. The company sold its welding electrode business due to volatility in raw material prices and declining demand, particularly in sectors like shipbuilding and real estate. Linde’s sponsor-directors hold 60% of the company’s shares and will receive the majority of the dividends. The stock price recently fell by 3.01%. Linde will hold its AGM on May 29, with the record date set for April 9.
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