Some 46 more listed companies recommended dividends up to 350 per cent last week for the year ended on June 30, 2018, according to separate official disclosures.
Of the companies, 14 recommended higher dividends, 12 recommended lower and 17 recommended same dividends compared to the previous year.
Three new companies recommended dividends for the first time after listing with the bourses, according to statistics from the Dhaka Stock Exchange.
The companies whose recommended higher dividends are: Monno Jute Stafflers, Monno Ceramic Industries, Square Pharmaceuticals, Shepherd Industries, Olympic Industries, Unique Hotel & Reports, Kay & Que, BBS Cables, Saiham Textile, Miracle Industries, Titas Gas, Nurani Dyeing, Nahee Aluminum and Beacon Pharmaceuticals.
The board of directors of Monno Jute Stafflers has recommended a 350 per cent stock dividend for the year ended on June 30, 2018.
It was the third-highest stock dividend recommended so far by any listed company in the history of Bangladesh's capital market, according to Dhaka bourse.
Recently, Stylecraft, a textile company, has recommended a record 410 per cent stock dividend for the year ended on June 30, 2018.
In 2007, Dutch-Bangla Bank disbursed 394.17 per cent stock dividend, the second highest recorded.
Monno Jute Stafflers also became the most-valued stock on the DSE as its share price closed at Tk 4,658.60 each on Thursday, soaring 3.95 per cent or Tk 177.20 each.
During the past six months, Monno Jute's share price surged by 156 per cent or Tk 2,839 each.
In 2017, the Monno Jute Stafflers disbursed only 15 per cent stock dividend.
Monno Ceramic has recommended 30 per cent stock dividend for the year ended on June 30, 2018. The company paid 5.0 per cent cash and 5.0 per cent stock dividend in 2017.
Square Pharmaceuticals has recommended 36 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2018. In 2017, the third largest market-cap company disbursed 35 per cent cash and 7.50 per cent stock dividend.
Shepherd Industries has recommended a 12 per cent cash dividend for the year ended on June 30, 2018. It paid 10 per cent stock dividend in the last year.
Unique Hotel & Reports has recommended 22 per cent cash, Kay & Que 5.0 per cent cash, BBS Cables 10 per cent cash and 5.0 per cent stock, Saiham Textile15 per cent cash, Miracle Industries 8.0 per cent stock, Titas Gas 25 per cent cash, Nurani Dyeing 2.0 per cent cash and 11 per cent stock and Beacon Pharmaceuticals 6.0 per cent cash dividend.
The companies whose recommended lower dividends are: M.I. Cement, Paramount Textile, Fareast Islami Life Insurance, Quasem Industries, Gemini Sea Food, Zahintex Industries, Shahjibazar Power Company, Bangladesh Building Systems, Advanced Chemical Industries (ACI), R.N. Spinning Mills, Hamid Fabrics and ACI Formulations.
- I. Cement Factory has recommended 15 per cent cash dividend for the year ended on June 30, 2018. In 2017, it paid 20 per cent cash dividend.
Paramount Textile has recommended 7.0 per cent cash and 5.0 per cent stocks dividend for the year ended on June 30, 2018. The company disbursed 5.0 per cent cash and 10 per cent stock dividend in 2017.
Fareast Islami Life Insurance has recommended 25 per cent cash dividend for the year ended on June 30, 2018. In 2017, the company paid 15 per cent cash and 20 per cent stock dividend.
Quasem Industries has recommended 12 per cent stock dividend for the year ended on June 30, 2018. The company disbursed 18 per cent stock dividend last year.
Gemini Sea Food has recommended 15 per cent stock dividend for the year ended on June 30, 2018. In 2017, it paid 125 per cent stock dividend.
Zahintex Industries has recommended 3.0 per cent cash dividend for the year ended on June 30, 2018. In 2017, it disbursed 10 per cent stock dividend.
Shahjibazar Power Company has recommended 25 per cent cash and 3.0 per cent stock dividend for the year ended on June 30, 2018. The power generation company paid 16 per cent cash and 14 per cent stock dividend.
Bangladesh Building Systems has recommended 10 per cent stock dividend for the year ended on June 30, 2018. In 2017, it paid 5.0 per cent cash and 10 per cent stock dividend.
Advanced Chemical Industries (ACI) has recommended 18 per cent cash and 3.50 per cent stock dividend for the year ended on June 30, 2018. In 2017, it disbursed 115 per cent cash and 10 per cent stock dividend.
R.N. Spinning Mills has recommended 10 per cent stock dividend for the year ended on June 30, 2018. In 2017, it paid 20 per cent stock dividend.
Hamid Fabrics has recommended 10 per cent cash dividend for the year ended on June 30, 2018. In 2017, it paid 15 per cent cash dividend.
ACI Formulations has recommended 15 per cent cash dividend for the year ended on June 30, 2018. In 2017, it paid 35 per cent cash dividend.
Three new companies - Advent Pharma, Bashundhara Paper Mills and Indo-Bangla Pharmaceuticals have recommended dividend for the first time.
