Padma Oil Company Limited, a company listed in the capital market, will give the highest dividend in 47 years to the shareholders.
The Board has decided to pay this dividend to the shareholders after reviewing the audited financial report for the financial year ended July 2022 to June 30, 2023.
The board decided to pay 135 percent cash dividend to shareholders in the year just ended. That is, against one share, the profit of 13 taka 50 paisa will be given to the share holders.
Dhaka Stock Exchange (DSE) informed this information on Wednesday.
According to DSE data, the power and energy sector company’s earnings per share (EPS) in 2023 is Tk 35 58 paise. From there, a total of 132 crore 61 lakh 42 thousand 125 taka profit will be given to the shareholders for 135 percent i.e. 13 taka 50 paisa against 9 crore 82 lakh 32 thousand 750 shares of the company.
The company, listed in 1976, made a total profit of Tk 349 crore 51 lakh 21 thousand 245 for the year ended on June 30. This is the company’s highest profit since its listing. The rest of the profit will be kept in the reserve fund of the company.
The previous year in 2022, the earnings per share of the company was 24 taka 47 paisa. From there a 125 percent cash dividend was paid to the shareholders, i.e. a dividend of 12 taka 50 paise per share.
The company previously paid its highest dividend in 2018 and 2019. 130 cash dividend was given to the shareholders of the company that year.
The company’s net asset value per share (NAVPS) stood at Tk 203 46 paise on June 30, 2023, the year of profit growth; Which was 180 taka 38 paisa at the same time of the previous year.
The company’s annual general meeting (AGM) date has been fixed on January 6 for unanimous approval of the dividend declared by the board of shareholders. The AGM will be held on the digital platform at 11 am on that day.
The company’s shares last traded at 209 taka 20 paisa on Tuesday. The market value of the company stands at 2 thousand 33 crore 2 lakh 91 taka.