United Power declares 170% cash dividend

United Power Generation and Distribution has recommended a 170 percent cash dividend for all shareholders for the year ended on June 30, 2021.

The dividend payout was recommended at the company's board of directors meeting.

However, final approval regarding the dividends will come during the Annual General Meeting (AGM) scheduled for December 27, 2021 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Thursday.

The company has reported EPS of Tk 18.80 and consolidated NAV per share of Tk 56.18 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as November 22.

There will be no price limit on the trading of the shares of the Company today (October 28) following its corporate declaration.