Heidelberg Cement declares 25% cash dividend

Heidelberg Cement Bangladesh declared a 25% cash dividend to its shareholders for the year of 2023.

The dividend declaration was announced at a board meeting held on Wednesday (6 March), according to the company source.

To secure the shareholders’ approval for the dividend and the annual audited report, it will conduct the annual general meeting on 8 May and the record date is 2 April.

During the last year, the multinational cement manufacturer posted earnings per share at Tk8.13 and the net asset value per share was Tk67.20.

Earlier, it had paid a 10% cash dividend for the year of 2022, despite it incurred a loss of Tk23 crore.

Its shares closed at Tk262.10 each at the Dhaka bourse on Wednesday, which was 2.75% lower from the previous session.


Source: The Business Standard

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.