The boards of directors of eight more listed companies have declared "no" dividend for the year ended on June 30, 2019, according to official disclosures published on Monday.
The companies are Generation Next Fashions, RN Spinning Mills, BD Thai Aluminium, Renwick Jajneswar, Zeal Bangla Sugar Mills, Khan Brothers PP Woven Bag Industries, Meghna Condensed Milk and Meghna Pet Industries.
Of them, Generation Next Fashions, RN Spinning, BD Thai Aluminium, Renwick Jajneswar and Khan Brothers PP Woven Bag Industries declared "no" dividend for the first time.
The companies would be placed in the "Z" category with effect from today (Tuesday) as they have recommended 'no' dividend.
Zeal Bangla Sugar Mills, Meghna Condensed Milk and Meghna Pet are already in the "Z" category.
On Sunday, three companies -- Jute Spinners, Alltex Industries and Salvo Chemicals Industries -- declared 'no' dividend for the year ended on June 30, 2019.
Jute Spinners, Zeal Bangla Sungar Mills, Meghna Condensed Milk and Meghna Pet Industries have already been under the Dhaka Stock Exchange scanners, as the companies did not pay any dividend over the last five years.
Market analysts said "no" dividend declarations from fresh companies dampened the general investors' confidence further as they have already been going through a tough time amid depressed market outlook.
On the other hand, the boards of directors of 16 more listed companies have recommended dividend ranging between 1.0 per cent and 30 per cent for the year ended on June 30, 2019.
The companies are Shahjibazar Power, Monno Ceramic, Investment Corporation of Bangladesh, Intraco Refueling Station, MI Cement Factory, Fu-Wang Ceramic, Summit Alliance Port, VFS Thread Dyeing, Unique Hotel, Advent Pharma, Fu-Wang Food, Metro Spinning, Makson Spinning, Anwar Galvanizing, Saif Powertec and Standard Ceramic.
Shahjibazar Power has recommended 28 per cent cash and 2.0 per cent stock dividend for the year ended on June 30, 2019.
Monno Ceramic has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019.
ICB has recommended 10 per cent stock dividend for the year ended on June 30, 2019.
The board of directors of Intraco Refueling Station has recommended 10 per cent stock dividend while MI Cement has recommended 10 per cent cash dividend.
Summit Alliance Port has recommended 6.0 per cent cash and 4.0 per cent stock dividend while VFS Thread Dyeing has recommended 6.0 per cent cash and 10 per cent stock dividend.
Unique Hotel has recommended 20 per cent cash dividend. Advent Pharma has recommended 2.0 per cent cash and 10 per cent stock dividend.
Fu-Wang Food has recommended 2.0 per cent cash dividend while Fu-Wang Ceramic has recommended 1.0 per cent cash dividend.
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