Eight cos recommend dividend up to 55pc

Eight more listed companies recommended dividend last week which ranged between 15 per cent to 55 per cent for the year ended on June 30, 2018 while two companies declared 'no' dividend.

The companies which recommended dividend are: Apex Footwear, The IBN Sina Pharmaceuticals, Doreen Power, Legacy Footwear, Bangladesh Steel Re-rolling Mills, BSRM Steels, Argon Denims and Bangladesh Autocars.

Of them, five companies recommended higher dividend, three recommended lower while one declared same dividend in 2018 compared to the previous year, according to Dhaka Stock Exchange.

Evince Textiles and Northern Jute Manufacturing Company declared 'no' dividend for the year ended on June 30, 2018.

Apex Footwear: The board of directors of Apex Footwear has recommended 55 per cent cash dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 14 in Dhaka. The record date is on October 14, 2018.

The company has also reported earnings per share (EPS) of Tk 11.54, net asset value (NAV) per share of Tk 244.42 and net operating cash flow per share (NOCFPS) of Tk 81.55 for the year ended on June 30, 2018 as against Tk 7.21, Tk 237.88 and Tk 76.33 respectively for the same period of the previous year.

The IBN Sina: The board of directors of The IBN Sina has recommended 30 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 22 in Dhaka. The record date is on October 22, 2018.

Doreen Power: The board of directors of Doreen Power has recommended 15 per cent cash dividend for shareholders excluding the sponsors/directors and 10 per cent stock dividend for all shareholders for the year ended on June 30, 2018.

The AGM will be held on December 13 and the record date is on October 18.

Legacy Footwear: The board of directors of Legacy Footwear has recommended 5.0 per cent cash and 15 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on November 17 at the factory premises in Gazipur. The record date is on October 17, 2018.

BSRM: The board of directors of Bangladesh Steel Re-rolling Mills (BSRM) has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 03 in Chattogram. The record date is on October 21, 2018.

BSRM Steels: The board of directors of BSRM Steels Ltd has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018.

The AGM will be held on December 03 in Chattogram. The record date is on October 21, 2018.

Argon Denims: The board of directors of Argon Denims has recommended 15 per cent cash dividend for the year ended on June 30, 2018.

BD Autocars: The board of directors of Bangladesh Autocars Ltd has recommended 3.0 per cent cash and 12 per cent stock dividend for the year ended on June 30, 2018.

The board has also decided to implement installation of LPG facilities in the existing premises or any other suitable location from company’s own resources.

The company will apply to Bangladesh Securities and Exchange Commission (BSEC) for approval of the rights shares at one rights share for existing one share at a premium of Tk 100 per share subject to the approval of shareholders in the AGM and BSEC.

The AGM will be held on November 29 in Dhaka. The record date is on October 18, 2018.

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