Marico Bangladesh Limited, a publicly traded company, on Wednesday declared a 200% interim cash dividend based on six months' financials ended on September 30, 2020.
According to an official disclosure posted on the Dhaka Stock Exchange (DSE) website on the day, the multinational company declared the dividend based on reviewing its audited financial statements for the six months (April-Sep'20).
The record date for entitlement of interim cash dividend is set on November 12, 2020.
Meanwhile, the earnings per share (EPS) of the company increased to Tk25.03 in three months (Jul-Sep) this year, compared to that of Tk21.24 during the same period in the previous year.
The company’s EPS was Tk56.67 for April-September 2020 as against Tk48.20 for the same period of the last year.
Each share of the multinational company closed at Tk2, 126.50 on Wednesday at Dhaka Stock Exchange.
Earlier, the company disbursed a 300% interim cash dividend for three months (April-June’20) of 2020.
The company approved a total 950% cash dividend for the year ended on March 31, 2020. In 2019, it disbursed a total 650% cash dividend.
Marico Bangladesh was listed on the Dhaka Stock Exchange in 2009. The pharma sector company belongs to the “A” category. The company’s paid-up capital is Tk31 crore.
The company produces coconut oil, hair care, skincare, and baby care products.
The multinational company’s flagship brand Parachute is a market leader in the country with a 80% market share in the hair oil industry in Bangladesh.
The company is also a dominant player in the value-added hair oils (VAHO) segment with brands such as Parachute Advanced, Parachute Advanced Beli Phool, Parachute Advanced Extra Care, Parachute Advanced Aloe Vera, Nihar Naturals, Shanti Badam Amla, and Nihar Naturals Joba Amla.
Recently, Marico Bangladesh has decided on a phase-wise investment of Tk227 crore for increasing its manufacturing capacity.
The publicly traded company is going to set up operations in the Special Economic Zone under the Bangladesh Economic Zones Authority (Beza).
In March 2019, the Indian fast-moving consumer goods company invested Tk29.40 crore to increase the production capacity of its factories in Mouchak and Shirirchala.