Titas Gas declares 10% cash dividend

Titas Gas Transmission and Distribution Company Limited has recommended a 10 percent cash dividend for its shareholders for the year ended on June 30, 2022.

The dividend payout was recommended at the company’s board of directors meeting, said the company in a filing with the Dhaka Stock Exchange (DSE) on Thursday.

However, final approval regarding the dividend will come during the Annual General Meeting (AGM) scheduled for November 29, 2022, to be held on digital platform.

The company has reported EPS of Tk 3.21 and consolidated NAV per share of Tk 74.16 during the period. The last trading price of the company’s share was Tk 40.90.

Titas Gas paid 22 cash dividend in 2021 and 26 percent in 2020. The government holds 75 percent of the company’s shares, 15 percent by institutions, and 9.78 percent by the general investors.

The record date for the distribution of the declared dividend among the shareholders has been fixed as November 3, 2022.