Business Report :
Linde Bangladesh shares soared around 19% on Thursday as they declared a 4100% cash dividend as interim yesterday (4 September), which is the highest ever in the capital market history.
Within the first half an hour of Thursday’s trading session, the company’s shares jumped by 18.80% to reach Tk1,560.10 as there was no circuit breaker limit after declaring dividend.
It also topped the turnover table at the Dhaka Stock Exchange.
According to the multinational company, they secured capital gain from selling the subsidiary business. The board of the company decided that this gain will be distributed to the shareholders as dividend.
The record date for the dividend is set to 25 September.
Based on the capital gain, the company’s share price stood at Tk415.08 during January-July period of this year, which was significantly high from Tk8.84 during the same time last year.
Earlier, the industrial and medical gas producer had sold its welding electrode business.