Linde Bangladesh Limited (Lindebd) declared an impressive interim dividend of BDT 154.00 per share, which translates to a dividend yield of 10.93% based on the current closing market price of BDT 1409.40. This is significantly higher than the Dhaka Stock Exchange's overall market dividend yield of 3.82%, making it a very attractive opportunity for income-seeking investors. Stock Price Surge:
The announcement of this substantial dividend payout has demonstrably impacted Lindebd's stock price. Compared to yesterday's closing price of BDT 985.30, the stock price has jumped by 43.13%. Record Date: It's important to note that only shareholders registered on the record date, which is set for July 9th, 2024, will be eligible to receive the dividend payout. Summary: Lindebd's interim dividend is a clear sign of the company's strong financial performance. The exceptional dividend yield of 10.93% surpasses the market average by a significant margin, making it an attractive option for dividend-focused investors. The company's EPS (earnings per share) has decreased due to various factors, but the dividend payout remains strong. The substantial increase in stock price further emphasizes the positive impact of this dividend declaration.
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