Padma Oil declares 125% cash dividend

Padma Oil Company Limited has recommended 125 percent cash dividend for its shareholders for the year ended on June 30, 2021.

The dividend payout was recommended at the company's board of directors meeting.

However, final approval regarding the dividends will come during the annual general meeting (AGM) scheduled for February 26, 2022 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Wednesday.

The company has reported EPS of Tk 23.27 and consolidated NAV per share of Tk 168.41 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as January 20, 2022.

There will be no price limit on the trading of the shares of the Company on Wednesday following its corporate declaration.