State-owned fuel oil distributor Meghna Petroleum Limited has recommended a 210% cash dividend, which is equivalent to Tk21 per Tk10 share, for the fiscal year ended on 30 June 2026, marking the highest payout in the company's listing history.
In the previous fiscal year, the company had paid a 200% cash dividend to its shareholders.
According to financial disclosures filed on the Dhaka Stock Exchange (DSE) yesterday, the company's board of directors approved the proposed payout alongside the annual financial statements. To seek shareholder approval for the record dividend, the company has scheduled its annual general meeting for 2 January 2027, with 25 November 2026 set as the record date.
Meghna Petroleum reported an earnings per share (EPS) of Tk63.32 for FY26, up from Tk61.39 recorded in FY25. The company's net asset value per share rose to Tk321.83 as of 30 June 2026, compared to Tk278.51 a year earlier. Its net operating cash flow per share also expanded significantly to Tk164.04 for FY26.
Following the corporate announcement, there was no circuit breaker or price limit on the trading of Meghna Petroleum shares during yesterday's trading session. Driven by the record dividend announcement and strong earnings performance, the company's stock price rose by 2.10% to close at Tk213.90 on the DSE.