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Two more cos recommend dividend

FE Online Report | Published: October 21, 2019 11:52:40 | Updated: October 22, 2019 11:57:24


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Two more listed companies – Wata Chemicals Ltd and Bangladesh Autocars Ltd – have recommended dividend for the year ended on June 30, 2019, according to separate official disclosures on Monday.

Wata Chemicals: The board of directors of Wata Chemicals has recommended 30 per cent cash and 25 per cent stock dividend for the year ended on June 30, 2019.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on December 26 in Dhaka.

The record date is November 19, 2019.

The company has also reported EPS of Tk 11.63, NAV per share of Tk 66.85 and NOCFPS of Tk 14.50 for the year ended on June 30, 2019 as against Tk 4.40 (restated), Tk 58.88 (restated) and Tk 4.22 (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.

Each share of the company, which was listed on the Dhaka bourse in 1992, closed at Tk 640.40 each on Sunday.

BD Autocars: The board of directors of BD Autocars Ltd has recommended 15 per cent stock dividend for the year ended on June 30, 2019.

The final approval of the dividend will come during the annual general meeting scheduled to be held on December 15 in Dhaka.

The record date is November 11, 2019.

The company has also reported EPS of Tk 1.53, NAV per share of Tk 7.44 and NOCFPS of Tk 2.27 for the year ended on June 30, 2019 as against Tk 1.52, Tk. 6.93 (restated) and Tk 2.09 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.

Each share of the company, which was listed on the Dhaka bourse in 1988, closed at Tk 168.60 each on Sunday.

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