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Four more cos recommend dividend up to 49 per cent

FE Online Report | Published: October 24, 2019 10:41:44 | Updated: October 24, 2019 11:45:04


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Four more listed companies - Square Pharmaceuticals, Square Textile, MJL Bangladesh and Quasem Industries have recommended dividend up to 49 per cent.

Square Pharma: The board of directors of Square Pharmaceuticals has recommended 42 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 12 in Dhaka.

The record date is on November 19, 2019.

The board has also approved Tk 2.0 billion for BMRE, capital machinery and lands for future expansion.

The company has also reported consolidated earnings per share (EPS) of Tk 16.03, consolidated net asset value (NAV) per share of Tk 86.03 and consolidated net operating cash flow per share (NOCFPS) of Tk 15.71 for the year ended on June 30, 2019 as against Tk 14.69, Tk 73.28 and Tk 12.55 respectively for the same period of the previous year.

Square Textile: Square Textile Ltd has recommended 20 per cent cash dividend for the year ended on June 30, 2019.

The AGM will be held December 12. The record date is on November 19.

The board has also approved Tk 300 million for BMRE and purchase of land for further expansion.

The company has also reported consolidated EPS of Tk 2.18, consolidated NAV per share of Tk. 38.02 and consolidated NOCFPS of negative Tk 3.38 for the year ended on June 30, 2019 as against Tk. 2.32, Tk. 37.74 and Tk. 0.27 respectively for the same period of the previous year.

MJL BD: MJL Bangladesh Ltd has recommended 45 per cent cash dividend for the year ended on June 30, 2019.

The AGM will be held December 5. The record date is on November 12.

The company has also reported consolidated EPS of Tk. 5.87, consolidated NAV per share of Tk. 35.64 and consolidated NOCFPS of Tk. 6.69 for the year ended on June 30, 2019 as against Tk. 6.66, Tk. 34.07 and Tk. 11.14 respectively for the same period of the previous year.

Quasem Industries: Quasem Industries Ltd has recommended 5.0 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019.

The AGM will be held December 12. The record date is on November 19.

The company has also reported EPS of Tk 0.83, NAV per share of Tk 33.18 and NOCFPS of Tk 1.62 for the year ended on June 30, 2019 as against Tk 1.35, Tk 32.36 and Tk 0.58 respectively for the same period of the previous year.

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