Linde Bangladesh Limited, the leading industrial and medical gas producer in the country, has proposed disbursal of a 400% cash dividend to its shareholders for 2020.
The multinational company will hold an annual general meeting (AGM) virtually on 27 May, to secure approval from shareholders regarding the proposed dividend. The record date of the AGM will be 29 April.
Linde's annual earnings per share dropped to Tk70.55, which was Tk80.93 in 2019.
The company's net asset value increased to Tk541 crore at the end of December, from Tk511 crore a year ago. Net asset value per share increased to Tk355.75 from Tk335.7.
In the first nine months of 2020, its revenue decreased by 20% compared to the same period a year ago. This resulted in a 15% decline in profits over the same period, according to the quarterly financial report.
The dent was because of the shutdown during the March-May period of 2020, though the company posted 18% higher profits in the July-September quarter.