Bangladesh’s six more companies recommend dividend

Last updated: October 31, 2018

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

The companies are: Khulna Power Company, JMI Syringe & Medical Devises, Samorita Hospital, Queen South Textile, Prime Textile and Familytex BD.

On the other hand, three more companies – Savar Refractories, Golden Son and Beach Hatchery – have recommended no dividend for the year ended on June 30, 2018.

KHULNA POWER: The board of directors of Khulna Power Company has recommended 30 percent cash and 10 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 09 in Dhaka.

The record date is on November 22.

The company has also reported earnings per share (EPS) of BDT 6.18, net asset value (NAV) per share of BDT 26.87 and net operating cash flow per share (NOCFPS) of BDT 2.09 for the year ended on June 30, 2018 as against BDT 5.07, BDT 26.20 and BDT 4.78 respectively for the same period of the previous year.

The company, which was listed on the Dhaka bourse in 2010, also disbursed 55 percent cash dividend in 2017.

Each share of the company closed at BDT 122.20 on Tuesday at Dhaka bourse.

The sponsor-directors own 70.59 percent stake in the company, while institutional investors own 10.70 percent, foreign 0.78 percent and the general public 17.93 percent as on August 31, 2018.

The company’s paid-up capital is BDT 3.61 billion and authorised capital is BDT 7.0 billion, while total number of securities is 361.2899 million, according to statistics from the DSE.

JMI SYRINGE: The board of directors of JMI Syringe and Medical Devises has recommended 30 percent cash dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 29 in Dhaka.

The record date is on November 20.

The company has also reported EPS of BDT 6.86, NAV per share of BDT 71.27 and NOCFPS of BDT 13.64 for the year ended on June 30, 2018 as against BDT 6.78, BDT 67.64 and BDT 12.68 respectively for the same period of the previous year.

SAMORITA HOSPITAL: The board of directors of Samorita Hospital has recommended 12 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 25.

The company has also reported EPS of BDT 1.31, NAV per share of BDT 51.95 and NOCFPS of BDT 2.35 for the year ended on June 30, 2018 as against BDT 2.12 (restated), Tk. 47.54 (restated) and BDT 3.90 (restated) respectively for the same period of the previous year.

QUEEN SOUTH TEXTILE: The board of directors of Queen South Textile has recommended 7.0 percent cash dividend for shareholders excluding the sponsors/directors and 10 percent stock dividend for all shareholders for the year ended on June 30, 2018.

The AGM will be held on December 27. The record date is on November 28.

The company has also reported EPS of BDT 1.96, NAV per share of BDT 17.73, and NOCFPS of BDT 0.47 for the year ended on June 30, 2018 as against BDT 1.85, BDT 17.18 and BDT 1.28 respectively for the same period of the previous year.

PRIME TEXTILE: The board of directors of Prime Textile has recommended 10 percent cash dividend for the year ended on June 30, 2018.

The AGM will be held on December 29 in Narayanganj. The record date is on November 25.

The company has also reported EPS of BDT 1.05, NAV per share of BDT 48.72 and NOCFPS of minus BDT 3.55 for the year ended on June 30, 2018 as against BDT 1.04, BDT 48.48 and BDT 7.11 respectively for the same period of the previous year.

FAMILYTEX BD: The board of directors of Familytex BD has recommended 5.0 percent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 15 in Chittagong. The record date is on November 25.

The company has also reported EPS of minus BDT 0.07, NAV per share of BDT 12.29 and NOCFPS of minus Tk 0.08 for the year ended on June 30, 2018 as against minus BDT 0.04, BDT 12.98 and BDT 0.09 respectively for the same period of the previous year.

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

BBN/SS/ANS

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