Dividend Distribution Policy
The Board of Directors has established a dividend policy, which forms the basis for the proposals on dividend payments that it makes to the Shareholders taking into consideration the business performance of the Company and its strategic initiatives. The Board believes that it is in the best interest of Grameenphone to draw up a long-term and predictable dividend policy. The objective of the policy is to allow the Shareholders to make informed investment decisions. The Board has approved the following dividend policy:
“The dividend policy is to pay minimum 50% of the net profit after tax depending on the financial health and capital requirement of the Company with an aim to have a consistent growth in dividend payout. Grameenphone shall aim for as frequent dividend distribution as possible. Grameenphone can consider special dividend payments such as interim dividend subject to the company’s business performance and cash availability.”
Historical Dividend Disbursement
The following table represents historical dividend disbursement from Grameenphone:
| For the Year | Dividend Rate | Dividend per Share (in BDT) | Per value of Share (in BDT) | Dividend Type | Date of AGM/EGM |
|---|---|---|---|---|---|
| 2021 (Final) |
125% | 12.5 | 10.00 | Cash | Recommended at the Board Meeting, 26 Jan 2022 Subject to Approval at the 25th AGM on 26 April 2022 |
| 2021 (Interim) |
125% | 12.5 | 10.0 | Cash | Board Meeting, 14-July-21 |
| 2020 (Final) | 145% | 14.5 | 10.00 | Cash | Recommended at the Board Meeting, 27 Jan 2021 Subject to Approval at the 24th AGM on 19 April 2021 |
| 2020 (Interim) | 130% | 13.00 | 10.00 | Cash | Board Meeting, 14-Jul-20 |
| 2019 (Final) | 40% | 4.00 | 10.00 | Cash | Approved in 23rd AGM on 21 April 2020 |
| 2019 (Interim) | 90% | 9.00 | 10.00 | Cash | Board Meeting, 14-Jul-19 |
| 2018 (Final) | 155% | 15.50 | 10.00 | Cash | Approved in 22nd AGM on 23 April 2019 |
| 2018 (Interim) |
125% | 12.50 | 10.00 | Cash | Board Meeting, 15-Jul-18 |
| 2017 (Final) |
100% | 10.00 | 10.00 | Cash | Approved in 21st AGM on 19 April 2018 |
| 2017 (Interim) |
105% | 10.50 | 10.00 | Cash | Board Meeting, 12-Jul-17 |
| 2016 (Final) |
90% | 9.0 | 10.00 | Cash | Approved in 20th AGM on 20 April 2017 |
| 2016 (Interim) |
85% | 8.50 | 10.00 | Cash | Board Meeting, 17-Jul-16 |
| 2015 (Final) |
60% | 6.00 | 10.00 | Cash | Approved in 19th AGM on 19 April 2016 |
| 2015 (Interim) |
80% | 8.00 | 10.00 | Cash | Board Meeting, 14-Jul-15 |
| 2014 (Final) |
65% | 6.50 | 10.00 | Cash | Approved in 18th AGM on 21 April 2015 |
| 2014 (Interim) |
95% | 9.50 | 10.00 | Cash | Board Meeting, 21-Jul-14 |
| 2013 (Final) |
50% | 5.00 | 10.00 | Cash | Approved in 17th AGM, 9 April 2014 |
| 2013 (Interim) |
90% | 9.00 | 10.00 | Cash | Board Meeting, 17-Jul-13 |
| 2012 (Final) |
50% | 5.00 | 10.00 | Cash | Approved in 16th AGM, 10 April 2013 |
| 2012 (Interim) |
90% | 9.00 | 10.00 | Cash | Board Meeting, 21-Jul-12 |
| 2011 (Final) |
65% | 6.50 | 10.00 | Cash | Approved in 15th AGM, 10 April 2012 |
| 2011 (Interim) |
140% | 14.00 | 10.00 | Cash | Board Meeting, 18-Jul-11 |
| 2010 (Final) |
85% | 8.50 | 10.00 | Cash | Approved in AGM, April 19, 2011 |
| 2010 (Interim) |
35% | 3.50 | 10.00 | Cash | Board Meeting, 22-Oct-10 |
| 2009 | 60% | 6.00 | 10.00 | Cash | June 08, 2010 |
| 2008 | 13% | 0.13 | 1.00 | Cash | March 23, 2009 |
| in 2008(1) | 400% | Bonus Shares | July 15, 2008 | ||
| 2007 | 62% | 26.66 | 43.00 | Cash | March 25, 2008 |
| 2006 | 60% | 25.80 | 43.00 | Cash | June 25, 2007 |
| 2005 | 50% | 21.50 | 43.00 | Cash | June 27, 2006 |