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Three more companies recommend dividend

FE Online report | Published: October 24, 2019 11:38:38 | Updated: October 26, 2019 11:54:54


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The board of directors of three more companies – BBS Cables, Golden Harvest Agro Industries and HR Textile Ltd- have recommended dividend for the year ended on June 30, 2019, according to separate official disclosures on Thursday.

BBS Cables: The BBS Cables has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019.

The board has also approved Tk 200 million for purchasing capital machineries and lands for future expansion.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 21.

The record date for entitlement of dividend is November 21, 2019.

The company has also reported EPS of Tk. 9.17, NAV per share of Tk. 29.45 and NOCFPS of Tk. 5.81 for the year ended on June 30, 2019 as against Tk. 8.08, Tk. 24.31 and Tk. 3.03 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

Golden Harvest Agro: The board of directors of Golden harvest Agro Industries has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019.

The AGM will be held on December 28. The record date is November 18.

The company has also reported consolidated EPS of Tk. 2.03, consolidated NAV per share of Tk. 20.01 and consolidated NOCFPS of Tk. 3.49 for the year ended on June 30, 2019 as against Tk. 1.86 (restated), Tk. 20.28 (restated) and Tk. 3.92 (restated) respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

HR Textile: The board of directors of HR Textile has recommended 10 per cent cash dividend for general shareholders other than sponsor shareholders for the year ended on June 30, 2019.

The AGM will be held on December 22. The record date is November 27.

The company has also reported EPS of Tk. 1.91, NAV per share of Tk. 43.40 and NOCFPS of Tk. (5.88) for the year ended on June 30, 2019 as against Tk. 1.70, Tk. 15.36 and Tk. 6.04 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

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