United Power declares 155pc dividend

Staff Correspondent | Published: 12:55, Oct 29,2020


United Power Generation and Distribution Company Limited declared 155 per cent dividend for the year ended on June 30, 2020.

The board of directors proposed the dividend at a meeting on Wednesday.

Of the 155 per cent dividend, 145 per cent was cash dividend and 10 per cent was a stock dividend.

The company set the record date on November 11 for the entitlement of the dividend.

The company would hold the annual general meeting on December 20 to get the share-holders approval regarding dividends and financial statements.

The company had also reported consolidated earnings per share of Tk 11.26 for the year ended on June 30, 2020, against Tk 14.62 for the same period of the previous year.

The company also informed Dhaka Stock Exchange that bonus share declared will be utilised for resource mobilisation and implementation of the acquisition of two power plants Viz United Anwara Power Limited and United Jamalpur Power Limited and this had been declared out of accumulated profit available for distribution.

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