Despite a decreased profit, the board of directors of Unilever Consumer Care, a division of the Unilever Group, has recommended a 520% cash dividend for the year ending December 31, 2024.
According to a disclosure made on Wednesday, the multinational company’s earnings per share (EPS) for 2024 were Tk 34.62, down from Tk 49.89 the year before.
In order to adopt the proposed dividend and examine the audited financial results for 2024, the firm has scheduled its annual general meeting for May 15. April 6 has been designated as the record date for dividend eligibility.

It clarified that the parent company’s reimposition of technology and trademark royalty starting in Q3 of 2024, a lesser one-time benefit from the reevaluation of previous liabilities and commitments, and the drop in sales have all contributed to the EPS’s decline.

Through effective cash investment and operational efficiency, the increase in expenses was somewhat offset, increasing net finance income.

In comparison to Tk 122.21 and Tk 25.43 for the year ended December 31, 2023, the net asset value (NAV) per share and net operating cash flow per share (NOCFPS) for the year ended December 31, 2024, were Tk 126.83 and Tk 25.62, respectively.

In contrast to the NOCFPS of the prior year, the company has managed to produce a slight improvement in net operational cash flow per share despite the fall in profit.
The rise in short-term investments and cash and cash equivalents is primarily responsible for the increase in NAV per share.
The business distributed a 300 percent cash dividend in 2023.