Bangladesh’s eight listed companies recommend dividend

Last updated: October 24, 2018

Dhaka, Bangladesh (BBN) - Eight more companies listed with the Bangladesh capital market have recommended dividend for the year ended on June 30 in 2018, according to separate official disclosures on Wednesday.

The companies which recommended dividend are: Olympic Industries, Investment Corporation of Bangladesh (ICB), BBS Cables, Unique Hotel & Resorts, Bashundhara Paper Mills, Quasem Industries, Aamra Networks and Kay & Que.

OLYMPIC INDUSTRIES: The board of directors of Olympic Industries has recommended 48 percent cash dividend for the year ended on June 30 in 2018.

The final approval will come during the annual general meeting scheduled to be held on December 20 at 10am at Battery Factory premises at Sonargaon in Narayanganj.

The record is on November 15.

The company has also reported earnings per share (EPS) of BDT 8.96, net asset value (NAV) per share of BDT 31.53 and net operating cash flow per share (NOCFPS) of BDT 4.57 for the year ended on June 30, 2018 as against BDT 8.22, BDT 27.07 and BDT 4.94 respectively for the same period of the previous year.

ICB: The board of directors of Investment Corporation of Bangladesh has recommended 30 percent cash and 5.0 percent stock dividend for the year ended on June 30 in 2018.

The AGM will be held on December 08 at Hotel Purbani International in Dhaka. The record date is on November 14.

The state-run corporation has also reported consolidated EPS of BDT 6.27, consolidated NAV per share of BDT 57.26 and consolidated NOCFPS of BDT 2.78 for the year ended on June 30, 2018 as against BDT 6.95, BDT 74.15 and BDT 51.94 respectively for the same period of the previous year.

BBS CABLES: The board of directors of BBS Cables has recommended 10 percent cash and 15 percent stock dividend for the year ended on June 30 in 2018.

The AGM will be held on December 23 in Gazipur. The record date is on November 18.

The company has also reported EPS of BDT 8.08, NAV per share of BDT 24.31 and NOCFPS of BDT 3.03 for the year ended on June 30, 2018 as against BDT 3.44 (Re-Stated), BDT 19.17 and BDT 5.33 respectively for the same period of the previous year.

UNIQUE HOTEL: The board of directors of Unique Hotel has recommended 22 percent cash dividend for the year ended on June 30, 2018.

The AGM will be held on December 06 in Dhaka. The record date is on November 13.

The company has also reported EPS of BDT 2.01, NAV per share of BDT 88.82 and NOCFPS of BDT 5.11 for the year ended on June 30, 2018 as against BDT 1.80, BDT 88.82 and BDT 4.13 respectively for the same period of the previous year.

BASHUNDHARA PAPER: The board of directors of Bashundhara Paper Mills has recommended 20 percent cash dividend for the year ended on June 30 in 2018.

The AGM will be held on December 19 at International Convention City Bashundhara in Dhaka. The record date is on November 22.

The company has also reported EPS of BDT 4.63, NAV per share of BDT 49.18 and NOCFPS of BDT 5.90 for the year ended on June 30, 2018 as against Tk. 2.57 (restated), BDT 31.38 (restated), and BDT 7.35 (restated) respectively for the same period of the previous year.

QUASEM INDUSTRIES: The board of directors has recommended 12 percent stock dividend for the year ended on June 30 in 2018.

The AGM will be held on November 29 in Dhaka. The record date is on November 13.

The company has also reported EPS of BDT 1.51, NAV per share of BDT 36.25 and NOCFPS of BDT 0.64 for the year ended on June 30, 2018 as against BDT 1.82, BDT 34.79 and Tk. 2.40 respectively for the same period of the previous year.

AAMRA NETWORKS: The board of directors of Aamra networks has recommended 10 percent cash dividend for the year ended on June 30, 2018.

The AGM will be held on December 24 in Dhaka. The record date is on November 12.

The company has also reported EPS of BDT 4.01, NAV per share of BDT 32.33 and NOCFPS of BDT 2.23 for the year ended on June 30, 2018 as against BDT 2.31, BDT 19.26 and BDT 0.97 respectively for the same period of the previous year.

KAY & QUE: The board of directors of Kay & Que has recommended 5.0 percent cash dividend for the year ended on June 30 in 2018.

The AGM will be held on December 09 in Dhaka. The record date is on November 15.

The company has also reported EPS of BDT 0.91, NAV per share of BDT 76.55 and NOCFPS of BDT 1.26 for the year ended on June 30, 2018 as against BDT 0.05, BDT (11.45) and BDT (0.48) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of these companies today following their corporate declarations.

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