Titas Gas Declares 26pc Cash Dividend

The Board of Directors of Titas Gas Transmission and Distribution Company Ltd recommended a 26 per cent cash dividend for the year ended on 30 June 2020.

The final approval will come at the Annual General Meeting (AGM) scheduled to take place at 11:00 a.m. on December 15 via the Digital Platform. The date of the record is November 18.

The information was confirmed on the website of the Dhaka Stock Exchange (DSE) on Tuesday.

The company has also reported earnings per share (EPS) of 3.64 taka, net asset value (NAV) per share of 71.39 taka and net operating cash flow per share (NOCFPS) of 4.48 taka for the year ended on June 30, 2020, as against 4.70 taka, 70.08 taka and 5.29 taka respectively for the same period of the previous year.

There will be no price limit for trading the shares of the Company on today's day following its corporate declaration. However, as per the Bangladesh Securities and Exchange Commission (BSEC) order released on 19 March 2020, the floor price will be applicable accordingly.

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