12 more cos recommend dividend up to 140pc

Twelve more listed companies and two mutual funds have recommended dividend last week for the year ended on June 30, 2018, according to separate official disclosures.

The companies are: Meghna Petroleum, Apollo Ispat Complex, Bangas, Fu-Wang Ceramic, Regent Textile, Hakkani Pulp & Paper, Matin Spinning Mills, Power Grid Company of Bangladesh, Standard Ceramic, Pharma Aids, Atlas Bangladesh and National Tubes.

Of the companies, eight recommended higher dividends, two declared lower and dividend recommended by two companies remained unchanged for the year ended on June 30, 2018 compared to the last year, according to Dhaka Stock Exchange.

Two more mutual funds -- Vanguard AML BD Finance Mutual Fund One and LR Global Bangladesh Mutual Fund One have declared 5.0 per cent and 5.50 per cent cash dividend respectively for the year ended on September 30, 2018 based on their net income

Meghna Petroleum: The board of directors of state-run Meghna Petroleum has recommended 140 per cent 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 January 12, 2019.

The record date for AGM is on December 02.

In 2017, the company disbursed 110 per cent cash dividend.

Apollo Ispat: Apollo Ispat has recommended 3.0 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 27 and the record date is on November 25. The company paid 10 per cent stock dividend in 2017.

Bangas: Bangas has recommended 15 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 05 and the record date is on November 25. In 2017, the company did not pay any dividend.

Fu-Wang Ceramic: Fu-Wang Ceramic has recommended 10 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 20 in Dhaka and the record date is on November 25.

The company also disbursed 10 per cent stock dividend in 2017.

Regent Textile: Regent Textile Mills has recommended 5.0 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 27 and the record date is on December 02. In 2017, the company disbursed 10 per cent cash dividend.

Hakkani Pulp & Paper: Hakkani Pulp & Paper has recommended 3.0 per cent cash dividend for the year ended on June 30, 2018.

The AGM will be held on December 27 and the record date is on November 25. In 2017, the company failed to pay any dividend.

Matin Spinning: Matin Spinning Mills has recommended 17 per cent cash dividend for the year ended on June 30, 2018.

The AGM will be held on December 13 and the record date is on November 29.

The company disbursed 15 per cent cash dividend in 2017.

Power Grid: Power Grid Company of Bangladesh has recommended 17 per cent cash dividend for the year ended on June 30, 2018.

The AGM will be held on December 19 and the record date is on November 26.

The company paid 15 per cent cash dividend in 2017.

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