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Dhaka Stock Exchange (DSE) downgraded three listed companies to "B" category from existing "A" category as these companies have approved 5.0 per cent or less than 5.0 per cent dividend.
The companies are: Regent Textile Mills, National Feed Mills and Appollo Ispat Complex.
The trading with downgraded category of these companies will be effective from today (Tuesday).
To remain in "A" category, every company has to declare at least 10 per cent dividend every year.
Stock brokers and merchant bankers have also been requested to abstain from providing loan facilities for the purchase of these companies' share in the first 30 trading days after the change of categorisation, with effect from January 01 (Tuesday).
Regent Textile: The Regent Textile was placed in the 'B' category from existing "A" category as the company has approved 5.0 stock dividends for the year ended on June 30, 2018.
The Regent Textile, which was listed on the DSE in 2015, disbursed 10 per cent cash dividend for the year ended on June 30, 2017.
Each share of the company closed at Tk 15.60 on Thursday, the last trading day of the year, 2018.
In the last one year, the company's share price hovered between Tk 14.70 and Tk 28.10.
The company's paid-up capital is Tk 1.15 billion and authorised capital is Tk 1.50 billion, while the total number of securities is 115.50 million.
The sponsor-directors own 54.55 per cent stake in the company, while institutional investors own 5.26 per cent and the general public 40.19 per cent as on November 30, 2018, the DSE data shows.
National Feed Mills: The National Feed Mills has been placed in the 'B' category from existing "A" category as the company has approved 5.0 stock dividend for the year ended on June 30, 2018.
The company, which was listed on the DSE in 2015, disbursed 10 per cent stock dividend for the year ended on June 30, 2017.
Each share of the company closed at Tk 11.10 on Thursday, the last trading day of the year, 2018.
In the last one year, the company's share traded between Tk 10.30 and Tk 19.60.
The company's paid-up capital is Tk 807.07 million and authorised capital is Tk 2.0 billion, while the total number of securities is 80.70 million.
The sponsor-directors own 30.40 per cent stake in the company, while institutional investors own 17.73 per cent and the general public 51.87 per cent as on November 30, 2018.
Appollo Ispat: Appollo Ispat Complex was placed in the 'B' category from existing "A" category as the company has approved 3.0 stock dividend for the year ended on June 30, 2018.
The company, which was listed on the DSE in 2013, disbursed 10 per cent stock dividend for the year ended on June 30, 2017.
Each share of the company closed at Tk 8.20 on Thursday, the last trading day of the year, 2018.
In the last one year, the company's share price hovered between Tk 7.0 and Tk 17.30.
The company's paid-up capital is Tk 3.89 billion and authorised capital is Tk 5.0 billion, while the total number of securities is 389.62 million.