Lafarge recommends 5.0pc final cash div

Dhaka,  Tue,  28 March 2017
Published : 12 Mar 2017, 12:59:18
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Lafarge recommends 5.0pc final cash div

FE Online Report
The Board of Directors of Lafarge Surma Cement has recommended 5.0 per cent final cash dividend for the year ended on December 31, 2016, officials said.

The total dividend for year ended on December 31, 2016 stood at 10 per cent cash as the company has already paid 5.0 per cent interim cash dividend.

The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on June 15 at 11:00am and the venue to be notified later.

The record date for entitlement of dividend is on April 16.

The multinational cement maker’s has also reported consolidated earnings per share (EPS) of Tk 1.92, consolidated net asset value (NAV) per share of Tk 13.24 and consolidated net operating cash flow per share (NOCFPS) of Tk 2.26 for the year ended on December 31, 2016 as against Tk 1.97, Tk 12.37 and Tk 2.92 respectively for the year ended on December 31, 2015.

There will be no price limit on the trading of the shares of the company today (Sunday) following its corporate declaration.

Each share price of the company, which was listed on the Dhaka bourse in 2003, closed at Tk 78.30 on Thursday, the last trading day of the week.

The company also disbursed a total 10 per cent cash dividend (5% final and 5% interim) for the year ended on December 31, 2015.

The company’s paid-up capital is Tk 11.61 billion and authorised capital is also Tk 14 million, while the total number of securities is 1,161,373,500.

The sponsor-directors own 64.68 per cent stake in Lafarge, while institutional investors 14.33 per cent, foreigners 1.43 per cent and the general public 19.56 per cent as on January 31, 2017, the DSE data shows.

-bb/rmc//
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