Nine cos recommend dividends for the first time after listing

FE Report | Published: November 03, 2018 10:21:07 | Updated: November 04, 2018 12:07:59

Some 91 more companies recommended dividend up to 250 per cent for the year ended on June 30, 2018 while 17 companies recommended 'no' dividend last week, according to official disclosures.

Of the companies, only 16 companies recommended higher dividends while 29 recommended lower and 37 recommended the same dividends compared to the previous year.

Nine new companies recommended dividends for the first time after listing with the bourses, according to statistics from the Dhaka Stock Exchange.

Meanwhile, 17 more companies recommended 'no' dividend for the year ended on June 30, 2018.

The companies which recommended lower dividends are: Baraka Power, RN Spinning, Hamid Fabrics, AFC Agro, Saif Powertec, Active Fine Chemicals, Renata, Daffodil Computers, Al-Haj Textile, Shasha Denims, Zaheen Spinning, Bengal Windsor, Premier Cement, Central Pharma, RD Food, Saiham Cotton, Deshbandhsu Polymer, National Feed Mills, Libra Infusion, Aftab Automobile, Khan Brothers PP Woven Bag, Alif Manufacturing, Desh Garment, Yeakin Polymer, Navana CNG, Ratanpur Steels, Safko Spinning, Khulna Power and Samorita Hospital.

The companies which recommended higher dividends are: Monno Ceramic Industries, Fortune Shoes, ACI Limited, BD Thai Aluminium, Nahee Aluminum Composite Panel, Simtex Industries, National Polymer, Pacific Denims, Shuwrid Industries, Nurani Dyeing, Intech, Fine Foods, Hwa Well Textile, Information Services Network, BDCOM Online and Wata Chemicals.

The companies which recommended same dividend are: Makson Spinning, Beximco, Anlima Yarn Dyeing, Mozzafar Hossain Spinning Mills, Metro Spinning, IT Consultants, Marico BD, CVO Petrochemicals Refinery, GPH Ispat, S Alam Cold Rolled Steels, ACO Formulations, Rangpur Foundry, Apex Spinning, Apex Foods, Beximco Pharmaceuticals.

Golden Harvest Agro Industries, Far Chemicals, Aramit, Global Heavy Chemicals, Sinobangla Industries, Aziz Pipes, Agni Systems, GQ Ball Pen, Renwick Jajneswar, Tosrifa Industries, Fu-Wang Food, Aman Feed, Anwar Galvanizing, Salvo Chemicals, Confidence Cement, Usmania Glass, Prime Textile, JMI Syringes, Familytex, Kohinoor Chemicals, Orion Infusion and Orion Pharmaceuticals also recommended same dividend.

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