Linde Bangladesh Shares Soar 43% on Proposed Record Dividends

Industry: Energy & Power, Stock Market
Company: Linde Bangladesh Limited
Company Intelligence Tag: Business Insights

Linde Bangladesh’s shares surged over 43% following the announcement of a record-high interim cash dividend of 1,540%, equating to Tk154 per share, based on its January to October 2023 financials. Despite a 66% drop in profits during this period, the leading gas producer proposed the highest dividend in its history, prioritizing shareholder returns ahead of its planned sale of the welding electrodes business to ESAB Group.

The announcement led to a significant increase in Linde’s share price, closing at Tk1409.40 each on the Dhaka Stock Exchange. The dividend payout, totaling Tk234 crore, will be distributed to shareholders with a record date set for 9 July. The company’s EPS fell from Tk50.99 to Tk17.24 due to the demerger of the welding business, reduced sales, higher raw material costs, and forex volatility.

Source for more details:

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

NWPGCL to Build Two Solar Plants with 140MW Capacity by 2026

May 14, 2025

North West Power Generation Company Ltd (NWPGCL) is set to boost Bangladesh's clean energy capacity by developing two new solar power plants with a combined output of 140 megawatts. The 80MW Padma Solar Power Plant will be located in Shariatpur and Madaripur

Govt to Buy Two LNG Cargoes from Vitol

May 12, 2025

The government of Bangladesh has approved the purchase of two LNG cargoes from Singapore's Vitol Asia Ltd through the spot market, with a total expenditure of Tk 1,104.41 crore—one cargo costing Tk 549.09 crore and the other Tk 555.32 crore.

Jamuna Oil Profit Hits Tk 140.58 Crore In Q3 FY2024-25

May 3, 2025

amuna Oil Company reported a 56% year-on-year profit increase to Tk 140.58 crore in Q3 of FY2024-25, driven by higher petroleum sales and increased interest income from deposits. Earnings per share (EPS) for January–March 2025 rose to Tk 12.73 from Tk 8.14 in the same quarter last year, while EPS for July 2024–March 2025 reached Tk 36.65, up from Tk 26.60.

Experts Call for Renewable Energy Roadmap in Bangladesh

April 27, 2025

Experts at a recent seminar emphasized Bangladesh’s urgent need for a long-term financing roadmap to expand renewable energy and achieve net-zero carbon emissions by 2050. They highlighted the necessity for monetary policies that encourage commercial lenders to invest in renewables.

Qatar To Renew LNG MoU With Bangladesh For Expanded Supply

April 24, 2025

Qatar has agreed to renew a previously expired MoU with Bangladesh for liquefied natural gas (LNG) supply and advance discussions on a land-based LNG terminal in Cox’s Bazar. Under the existing SPA signed in 2017, Bangladesh imports 1.5–2.5 million tonnes per annum (MTPA) of LNG for 15 years, with a second SPA signed in June 2023 for an additional 1.5 MTPA starting in January 2026.

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

NWPGCL to Build Two Solar Plants with 140MW Capacity by 2026

May 14, 2025

North West Power Generation Company Ltd (NWPGCL) is set to boost Bangladesh's clean energy capacity by developing two new solar power plants with a combined output of 140 megawatts. The 80MW Padma Solar Power Plant will be located in Shariatpur and Madaripur

Govt to Buy Two LNG Cargoes from Vitol

May 12, 2025

The government of Bangladesh has approved the purchase of two LNG cargoes from Singapore's Vitol Asia Ltd through the spot market, with a total expenditure of Tk 1,104.41 crore—one cargo costing Tk 549.09 crore and the other Tk 555.32 crore.

Jamuna Oil Profit Hits Tk 140.58 Crore In Q3 FY2024-25

May 3, 2025

amuna Oil Company reported a 56% year-on-year profit increase to Tk 140.58 crore in Q3 of FY2024-25, driven by higher petroleum sales and increased interest income from deposits. Earnings per share (EPS) for January–March 2025 rose to Tk 12.73 from Tk 8.14 in the same quarter last year, while EPS for July 2024–March 2025 reached Tk 36.65, up from Tk 26.60.

Experts Call for Renewable Energy Roadmap in Bangladesh

April 27, 2025

Experts at a recent seminar emphasized Bangladesh’s urgent need for a long-term financing roadmap to expand renewable energy and achieve net-zero carbon emissions by 2050. They highlighted the necessity for monetary policies that encourage commercial lenders to invest in renewables.

Qatar To Renew LNG MoU With Bangladesh For Expanded Supply

April 24, 2025

Qatar has agreed to renew a previously expired MoU with Bangladesh for liquefied natural gas (LNG) supply and advance discussions on a land-based LNG terminal in Cox’s Bazar. Under the existing SPA signed in 2017, Bangladesh imports 1.5–2.5 million tonnes per annum (MTPA) of LNG for 15 years, with a second SPA signed in June 2023 for an additional 1.5 MTPA starting in January 2026.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here