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Five more cos recommend dividend

FE Online Report | Published: October 21, 2019 10:49:19 | Updated: October 21, 2019 11:52:40


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Five more listed companies recommended dividend ranging between 10 per cent and 20 per cent for the year ended on June 30, 2019, according to separate official disclosures on Sunday.

The companies are: Genex Infosys, DESCO, Malek Spinning Mills, Nurani Dyeing and Far East Knitting & Dyeing.

Genex Infosys: The board of directors has recommended 5.0 per cent cash and 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 24 in Dhaka.

The record date for entitlement of the dividend is November 7.

The IT sector company has also reported earnings per share (EPS) of Tk 2.71, net asset value (NAV) per share of Tk 16.70 and net operating cash flow per share (NOCFPS) of Tk 4.57 for the year ended on June 30, 2019 as against Tk 2.02, Tk 15.98 and Tk 4.04 respectively for the same period of the previous year.

DESCO: The board of directors of the sate-run DESCO has recommended 12 per cent cash dividend for the year ended on June 30, 2019.

The AGM will be held on January 4, 2020 in Dhaka. The record date is November 21.

The company has also reported EPS of Tk 2.77, NAV per share of Tk 46.30 and NOCFPS of Tk 6.40 for the year ended on June 30, 2019 as against Tk 1.19 (restated), Tk 40.11 and Tk 7.64 respectively for the same period of the previous year.

Malek Spinning: The board of directors of Malek Spinning Mills has recommended 10 per cent cash dividend for general shareholders (excluding sponsors and directors) for the year ended on June 30, 2019.

The AGM will be held on December 21 in Dhaka. The record date is November 12.

The company has also reported consolidated EPS of Tk 0.76, consolidated NAV per share of Tk 45.13 and Consolidated NOCFPS of Tk 2.17 for the year ended on June 30, 2019 as against Tk 1.17, Tk 45.36 and Tk 2.10 respectively for the same period of the previous year.

Nurani Dyeing: The board of directors of Nurani Dyeing has recommended 10 per cent stock dividend for the year ended on June 30, 2019.

The AGM will be held on December 19 in Chittagong. The record date is November 6.

The company has also reported EPS of Tk 1.18, NAV per share of Tk 12.80 and NOCFPS of Tk 0.40 for the year ended on June 30, 2019 as against Tk 1.35 (adjusted), Tk 13.10 and Tk 0.93 (adjusted) respectively for the same period of the previous year.

Far East Knitting: The board of directors of Far East Knitting & Dyeing has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019.

The AGM will be held on December 5 in Gazipur. The record date is November 14.

The company has also reported EPS of Tk 0.97, NAV per share of Tk 20.48 and NOCFPS of negative Tk (0.52) for the year ended on June 30, 2019 as against Tk 1.28, Tk 21.45 and Tk 0.52 respectively for the same period of the previous year.

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