Marico Bangladesh, a listed multinational company, has declared a third interim cash dividend of 200 per cent based on nine months’ financials for the period ended on December 31, 2020.
The board of directors of the India-based fast-moving consumer goods company, at a meeting on Monday, approved the dividend for the financial year ending on March 31, 2021, according to an official disclosure on Tuesday.
The record date for entitlement of the interim cash dividend is February 15.
The company has reported earnings per share (EPS) of Tk 22.68 for October-December 2020 as against Tk 19.68 for October-December 2019.
In nine months for April-December 2020, the EPS was Tk 79.35 as against Tk 67.88 for April-December 2019.
The net operating cash flow per share (NOCFPS) was Tk 101.79 for April-December 2020 as against Tk 85.40 for April-December 2019.
The net asset value (NAV) per share was Tk 53.25 as on December 31, 2020, and Tk 44.05 as on March 31, 2020.
Earlier in July 2020, the company also declared first 300 per cent interim cash dividend based on three months’ financials for the period ended on June 30.
In October 2020, the company declared a second interim cash dividend at 200 per cent based on six months’ financials for the period ended on September 30, 2020.
Thus, the company has so far declared a total of 700 per cent interim cash dividend in the last three quarters ended on December 31, 2020, for the year ending on March 31, 2021.
However, the company had disbursed a total of 950 per cent cash dividend for the year ended on March 31, 2020.
Marico Bangladesh was listed on the Dhaka Stock Exchange (DSE) in 2009. Each share of the company closed at Tk 2,160.90 on Monday.
The company is engaged in manufacturing and marketing consumer products. Its flagship product – Parachute’s coconut oil — continues to dominate its competition in the sector.
The other hair oils retailed through the brand include Parachute Advanced Beliphool, Nihar Naturals Shanti Badam Amla and Parachute Advanced Extra Care.
The company’s paid-up capital is Tk 315 million and authorised capital is Tk 400 million while the total number of securities is 31.50 million.
The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 3.65 per cent, foreign investors 4.57 per cent and the general public only 1.78 per cent as on December 31, 2020, the DSE data show.