BAT Bangladesh's 300% cash dividend approved for 2024
Shareholders of British American Tobacco (BAT) Bangladesh, a publicly listed multinational firm, have approved a 300% cash dividend for 2024.
The approval was given at the 52nd annual general meeting (AGM) of the multinational company, which was held online and attended by a significant number of shareholders on 25 March, according to a press release.
The shareholders unanimously approved the appointment of statutory auditors as well as corporate governance auditors.
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The meeting was presided over by Wael Sabra, management board chairman of BAT Bangladesh, while shareholders of the company from home and abroad joined virtually via the company's AGM portal.
The meeting also approved the election of its board of directors and the company's financial statement for 2024.
Independent Directors of the company Masud Khan and Prof Melita Mehjabeen, Non-Executive Directors Shirajun Noor Chowdhury, Stuart Kidd and Francisco Toso Canepa, Managing Director Monisha Abraham, Finance Director Nirala Singh, Commercial Director Numayer Alam and Company Secretary Syed Afzal Hossain joined the AGM.
Last month, BAT Bangladesh declared a 150% final cash dividend for 2024, bringing the total dividend payout for the year to 300% cash, amounting to Tk1,620 crore, including the 150% interim dividend already paid in December.
BAT Bangladesh, the leading multinational cigarette manufacturer, contributed Tk34,173 crore in value-added tax, supplementary duty, and other taxes to the national exchequer in 2024, making the company one of the highest taxpayers in the country.
