Heidelberg Cement declares 20% dividend

Heidelberg Cement Bangladesh Limited has recommended 20 percent cash dividend to its shareholders for the year ended on December 31, 2020.

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

The company has decided to pay cash dividends to the shareholders from the fund even though it has incurred losses in the last financial year.

The company said that its consolidated earnings per share (EPS) was Tk 1.43 in the negative for the year ended on December 31, 2020, as against Tk 3.30 in the negative for the same period of the previous year. 

Its consolidated net asset value (NAV) per share was Tk 68.10 as of December 31, 2020, and Tk 71.88 as of December 31, 2019.

The annual general meeting for the dividend approval is scheduled for June 28 on a digital platform.