• Saturday, Dec 05, 2020
  • Last Update : 12:32 am

BATBC declares 300% interim cash dividend

  • Published at 07:30 pm October 22nd, 2020
British American Tobacco Bangladesh Company (BATBC)
British American Tobacco Bangladesh Company (BATBC)

The multinational company’s earnings jumped 35.77% in nine months

Publicly traded cigarette company British American Tobacco Bangladesh Company Limited (BATBC) on Thursday declared a 300% interim cash dividend for its shareholders.

According to an official disclosure posted on Dhaka Stock Exchange (DSE) website on the day, the multinational company declared the dividend based on reviewing its unaudited financial statements for the third quarter (January-September 2020).

Record date for entitlement of interim cash dividend has been scheduled for November 11.

Meanwhile, the earnings per share (EPS) of the company increased by 35.77% to Tk48.45 in nine months (January-September) this year, compared to that of Tk35.95 during the same period in the previous year.

Profits of BATBC increased slightly to Tk15.10 per share in July-September this year against Tk14.79 during the same period in the previous year.

NAV per share was Tk207.31 as on September 30, 2020 and Tk198.85 as on December 31, 2019.

Senior officials at the company told Dhaka tribune that the significant rise of earnings was due to higher sales volume before and after the countrywide shutdown due to the Covid-19 outbreak from March.

Share price of the company declined by 0.66%, or Tk7.4, to close at Tk1109.70 on Thursday at DSE.

The company disbursed 400% cash dividend for the year ending on December 31, 2019. It disbursed a 500% cash and 200% stock dividend for the year ending on December 31, 2018.

BATBC was listed on the Dhaka Stock Exchange in 1977. The company belongs to the “A” category.

British American Tobacco’s paid-up capital is Tk180 crore. The company holds 72.91% of sponsor directors shares; 6.84% is owned by Investment Corporation of Bangladesh; Shadharan Bima Corporation, Bangladesh Development Bank Limited, and 20.61% is owned by other shareholders.

93
87
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail