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The Financial Express

37 more cos recommend dividend up to 50pc

| Updated: October 30, 2019 11:42:18


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The boards of directors of 37 more listed companies have recommended dividend ranging between 1.0 per cent and 50 per cent for the year ended on June 30, 2019.

The companies which recommended dividends are: Aramit Limited, Aman Cotton Fibrous, Queen South Textile, Miracle Industries, Legacy Footwear, New Line Clothings, Indo-Bangla Pharma, Coppertech Industries and Alif Industries.

Global Heavy Chemicals, GQ Ball Pen, Tosrifa Industries, Paramount Textile, Aziz Pipes, Sonali Aansh, Hwa Well Textile, SK Trims & Industries, Khulna Printing & Packaging, SS Steels, Fortune Shoes, Simtex Industries, Gemini Sea Food, Hamid Fabrics, Sea Peal Beach Resorts, also recommended dividends on Tuesday.

Kay & Que, Olympic Accessories, Beximco Pharma, Agni Systems, Yakin Polymer, Desh Garment, Beximco, National Feed Mills, Saiham Cotton, Saiham Textile, BDCOM Online, Far Chemicals and Rangpur Foundry also recommended dividend for the year ended on June 30, 2019.

Among these companies, the board of directors of Aramit Ltd has recommended the highest 50 per cent cash dividend for the year ended on June 30, 2019.

The annual general meeting will be held on December 22 in Chittagong. The record date is on November 21.

The company has also reported EPS of Tk. 3.27, NAV per share of Tk. 145.79 and NOCFPS of Tk. 7.63 for the year ended on June 30, 2019 as against Tk. 10.20, Tk. 150.74 and Tk. 1.61 respectively for the same period of the previous year. EPS for the year 2019 is decreased due to reduction of sales and increase of operating expenses.

On the other hand, the board of directors of Tosrifa Industries has recommended 1.0 per cent cash dividend for the year ended on June 30, 2019.

The company has also reported EPS of Tk 0.12, NAV per share of Tk. 31.68 and NOCFPS of negative Tk. 0.88 for the year ended on June 30, 2019 as against Tk. 1.20, Tk. 32.03 and Tk. 1.79 respectively for the same period of the previous year.

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