Meghna Petroleum Limited has recommended 140 per cent cash dividend for the year ended on June 30, 2018. The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on January 12, 2019, said an official disclosure on Thursday.
The state-run company will also hold extraordinary general meeting (EGM) on January 12. The record date for EGM and AGM is December 02. The state-run company, which was listed on the Dhaka bourse in 2007, disbursed 110 per cent cash dividend in 2017.Each share of the company closed at Tk 192.50 on Wednesday at Dhaka Stock Exchange.
There will be no price limit yesterday on the trading of shares of the company following its corporate disclosure.The company's paid-up capital is Tk 1.08 billion and authorised capital is Tk 4.0 billion, while total number of securities is 108.21 million, according to statistics from the DSE.
The government owns 58.67 per cent stake in the company, while the institutional investors own 32.72 per cent and the general public 8.61 per cent as on September 30, 2018.
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