Meghna Petroleum declares 150% cash dividend

Meghna Petroleum Limited, owned by state-owned Bangladesh Petroleum Corporation, has recommended 150 percent cash dividend for the 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 Sunday.

However, final approval regarding the dividend will come during the Annual General Meeting (AGM) scheduled for January 14, 2023, to be held on digital platform.

The company reported EPS of Tk 29.25 and consolidated NAV per share of Tk 174.15 for the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as December 11, 2022.

The last closing price of the company’s stocks was Tk 202 each.