DSE upgrades three companies’ shares from Z category

Dhaka Stock Exchange (DSE) has upgraded the shares of three companies from the Z category to the ‘A’ and ‘B’ categories, as they met the requirement of distributing of declared dividends to investors for three fiscal years.

The three companies are - Union Insurance, Shepherd Industries, and Advent Pharma Limited. These companies will trade in the ‘A’ and ‘B’ categories from tomorrow Tuesday (October 22).

Union Insurance has been upgraded to the ‘A’ category, with a 10 per cent cash dividend for the period ending on December 31, 2022. Shepherd Industries returned to the ‘B’ category with a cash dividend of 5 per cent and Advent Pharma to the B category with a cash dividend of 2 per cent.