Business Desk :
Twenty-two companies on Thursday declared up to 170% dividends for shareholders in separate filings with the Dhaka Stock Exchange (DSE). The dividends were declared for the financial year that ended on June 30, 2021.
GBB Power Ltd
GBBPower recommended an 11.5% cash dividend for its shareholders. In its filing, the company reported earnings per share (EPS) of Tk1.50 and net asset value (NAV) per share of Tk20.93 for the year ended on June 30, 2021, against Tk1.14 and Tk19.93, respectively, for the same period of the previous year. The annual general meeting (AGM) of the company is scheduled to take place online on December 23.
Sinobangla Industries
Sinobangla has declared a 10% cash dividend. The company reported EPS of Tk1.79 and NAV per share of Tk26.98 for the year ended on June 30, 2021, against Tk1.31 and Tk25.69, respectively, for the same period of the previous year. The AGM of the company is scheduled to take place on January 24 next year.
Tosrifa Industries Limited
With the earnings turning positive, Tosrifa has recommended a 2.5% cash dividend and 2.5% stock dividend for its shareholders. In its filing, the company reported EPS of Tk0.64 and NAV per share of Tk29.35 for the year ended on June 30, 2021, against Tk2.87 in the negative and Tk28.71, respectively, for the same period of the previous year. The AGM of the company is scheduled to take place on November 21.
Kay & Que Bangladesh Ltd
Kay & Que has recommended a 5% stock dividend for its shareholders. The company reported EPS of Tk0.92 and NAV per share of Tk76.74 for the year ended on June 30, 2021, against Tk0.44 and Tk76.79, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 19.
VFS Thread Dyeing Limited
VFSTDL has recommended an 11% cash dividend for shareholders (excluding its directors). The company reported EPS of Tk1.50 and NAV per share of Tk18.70 for the year ended on June 30, 2021, against Tk1.45 and Tk17.93, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 29 via a digital platform.
Saif Powertec Limited
Saif Powertec has recommended a 10% cash dividend and 6% stock dividend. The company reported consolidated EPS of Tk1.75 and consolidated NAV per share of Tk17.11 for the year ended on June 30, 2021, against Tk1.08 and Tk16.63, respectively, for the same period of the previous year. The AGM of the company is scheduled to take place on December 29.
Al-Haj Textile Mills Limited
With a slight increase that made its earnings positive, Al-Hajtex has recommended 1% cash dividend as the final dividend. It will be adjusted with the 1% interim cash dividend paid earlier. The company has reported EPS of Tk0.26 and NAV per share of Tk8.61 for the year ended on June 30, 2021, against Tk0.93 in the negative and Tk8.45, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 28.
Runner Automobiles Limited
Runnerauto has recommended a 10% cash dividend, according to filings on the DSE website. The company has reported consolidated EPS of Tk2.70 and consolidated NAV per share of Tk65.16 for the year ended on June 30, 2021, against Tk1.97 and Tk63.39, respectively, for the same period of the previous year. The AGM of the company is scheduled to take place on December 23.
UPGDCL
UPGDCL has recommended a 170% cash dividend. In its filing, the company has also reported consolidated EPS of Tk18.80 and consolidated NAV per share of Tk56.18 for the year ended on June 30, 2021, against Tk10.24 and Tk50.56, respectively, for the same period of the previous year. The AGM is scheduled to take place on December 27 via a digital platform.
M I Cement Factory Limited
With a decent rise in its earnings, Micement has recommended a 20% cash dividend for shareholders. The company reported EPS of Tk5.79 and NAV per share of Tk52.69 for the year ended on June 30, 2021, against Tk0.89 in the negative and Tk46.38, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 15.
Evince Textiles Limited
Evince with reduced earnings, ETL has recommended a 2% cash dividend. The company reported consolidated EPS of Tk0.001 and consolidated NAV per share of Tk13.09 for the year ended on June 30, 2021, against Tk0.19 and Tk13.52, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 14 via a digital platform.
H R Textile Ltd
HRtex has recommended a 5% cash dividend and a 5% stock dividend for shareholders. The company also reported EPS of Tk2.89 and NAV per share of Tk45.18 for the year ended on June 30, 2021, against Tk1.11 and Tk42.78, respectively, for the same period of the previous year. Its AGM is scheduled to take place on January 24 next year.
Silva Pharmaceuticals Limited
SILVAPHL has recommended a 5% cash dividend for shareholders, excluding the sponsors and directors (except ICB). The company reported EPS of Tk0.88 and NAV per share of Tk16.63 for the year ended on June 30, 2021, as against Tk0.87 and Tk16.10, respectively, for the same period of the previous year. The AGM of the company is scheduled to take place on December 30 via a digital platform.
Shahjibazar Power Co Ltd
SPCL has recommended 28% cash and 4% stock dividend. In its filing, the company also reported consolidated EPS of Tk6.53 and consolidated NAV per share of Tk 38.05 for the year ended on June 30, 2021, against Tk4.38 and Tk34.26, respectively, for the same period of the previous year. Its AGM is scheduled to take place on January 30 next year.
CVO Petrochemical Refinery Limited
Even with negative earnings, CVOPRL declared a 10% stock dividend to raise the paid-up capital from share premium reserve. The company’s AGM is scheduled to take place on December 26 via a digital platform. It reported EPS of Tk2.49 in the negative and NAV per share of Tk11.55 for the year ended on June 30, 2021, against EPS of Tk0.51 in the negative and NAV of Tk13.90 for the same period of the previous year.
Rahim Textile Mills Ltd
Rahimtext has recommended a 16% cash dividend. The Company reported EPS of Tk2.25 and NAV per share of Tk37.99 for the year ended on June 30, 2021, against Tk0.75 and Tk36.85, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 27 via a digital platform.
Saiham Cotton Mills Limited
With the earnings turning positive, Saihamcot recommended a 10% cash dividend for the year ended on June 30, 2021. It reported EPS of Tk1.08 and NAV per share of Tk37.20 against Tk0.64 in the negative and Tk35.97, respectively, for the same period of the previous year. The AGM of the company is scheduled to take place on December 12 via a digital platform.
JMI Syringes & Medical Devices Ltd
JMISMDL has recommended a 30% cash dividend. In its filing, the company reported EPS of Tk4.03 and NAV per share of Tk122.70 for the year ended on June 30, 2021, against Tk4.35 and Tk121.66, respectively, for the same period of the previous year. AGM of the company is scheduled to take place on December 29 via a digital platform.
Argon Denims Limited
Argondemin has recommended a 10% cash and a 5% stock dividend for its shareholders. The company reported EPS of Tk0.71 and NAV per share of Tk26.15 for the year ended on June 30, 2021, as against Tk1.46 and Tk27.21, respectively, for the same period of the previous year. Its AGM is scheduled to take place online on December 14.
Hamid Fabrics Limited
Even with negative earnings, HFL has recommended a 5% cash dividend for general shareholders. The company reported EPS of Tk1.76 in the negative and NAV per share of Tk37.79 for the year ended on June 30, 2021, as against Tk0.42 and Tk40.04, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 27 via a digital platform.
Agni Systems Ltd
AGNISYSL has recommended a 3.5% cash dividend. The company reported EPS of Tk0.77 and NAV per share of Tk14.62 for the year ended on June 30, 2021, against Tk0.31 and Tk14.05, respectively, for the same period of the previous year. Its AGM is scheduled to take place on December 15 via a digital platform.
Companies that declared no dividends
With little signs of recovery from their negative or low earnings, the following companies did not declare any dividends: Dulamia Cotton Spinning Mills Ltd, Generation Next Fashions Limited, Zeal Bangla Sugar Mills Ltd, Oimex Electrode Limited, Khulna Printing & Packaging Limited, Stylecraft Limited, Savar Refractories Limited, Usmania Glass Sheet Factory Limited, RN Spinning Mills Limited, Shyampur Sugar Mills Ltd and Renwick Jajneswar & Co (Bd) Ltd.
