PGCB declares 10% cash dividend

The government’s autonomous organisation Power Grid Company of Bangladesh (PGCB) has recommended 10 percent cash dividend for general shareholders excluding sponsors 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 January 21, 2023. The venue of the AGM will be announced later.

The company has reported EPS of Tk 1.72 and consolidated NAV per share of Tk 133.66 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as November 30, 2022.

The company has further informed that the sponsors and directors hold 53,45,53,467 shares out of the total 71,27,26,991 shares of the company and the cash dividend payable to general shareholders is Tk 17,81,73,524.