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.