Loading...

22 cos declare 'no' dividend

93 more recommend up to 150pc dividend


FE Report | Published: November 02, 2019 10:44:54 | Updated: November 04, 2019 11:49:13


The board of directors of 22 more listed companies have declared 'no' dividend for the year ended on June 30, 2019 in the outgoing week.

Ninety three more companies recommended dividends ranging between 1.0 per cent and 150 per cent for the year ended on June 30, 2019 during the week.

Most of the companies that declared dividends during the week also could not meet expectations of the investors, market analysts said.

Of them, only 15 companies announced higher dividends than that of the previous year, 37 lower and 34 others declared similar to the previous year. And seven newly listed companies declared dividend for the first time.

The companies which declared 'no' dividends are Usmania Glass, Intech, Zahintex Industries, Khan Brothers PP Woven Bag Industries, Renwick Jajneswar, Generation Next Fashions, Salvo Chemicals, BD Autocars and RN Spinning Mills.

Shympur Sugar Mills, Beximco Synthetics, Shinepukur Ceramic, Aramit Cement, Golden Son, Dulamia Cotton Mills, Imam Button, Meghna pet Industries, Meghna Condensed Milk, Zeal Bangla Sugar Mills, Jute Spinners, Alltex Industries and Savar Refractories also declared 'no' dividend.

Of them, nine companies - Usmania Glass, Intech, Zahintex Industries, Khan Brothers PP Woven Bag Industries, Renwick Jajneswar, Generation Next Fashions, Salvo Chemicals, BD Autocars and RN Spinning Mills--declared 'no' dividend afresh this year and placed in the "Z" category.

Meghna Pet Industries, Dulamia Cotton, Shympur Sugar Mills, Zeal Bangla Sungar Mills, Imam Button, Meghna Condensed Milk, Savar Refractories, Beximco Synthetics, Jute Spinners 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 93 more listed companies have recommended dividend ranging between 1.0 per cent and 150 per cent for the year ended on June 30, 2019 during the week.

The board of directors of Stylecrfat Ltd has recommended 150 per cent stock dividend for the year ended on June 30, 2019. In 2018, the company disbursed 410 per cent stock dividend.

Three companies - Tosrifa Industries, Khulna Printing & Packaging and Fu-Wang Ceramic have recommended 1.0 per cent cash dividend each while National Feed Mills declared 1.0 per cent stock dividend for the year ended on June 30, 2019.

babulfexpress@gmail.com

Share if you like