5. Declaration of dividend by the company the economy

by times news cr

The board of directors of five listed companies have declared dividends for shareholders.

The companies are Bangladesh Steel Re-Rolling Mills (BSRM) Limited, BSRM Steels Limited, Square Textiles Plc, Rahim Textile Mills Plc and Star Adhesives Limited.

On Wednesday (October 22), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).

The decision regarding the dividend was taken after reviewing and approving the audited financial report of the last financial year in the meeting of the board of directors of the companies held earlier on Tuesday (October 21).

According to the information, after reviewing the audited financial statements for the financial year ended June 30, 2024, the board of directors of the companies declared this dividend for the shareholders.

BSRM: The company will pay 10 percent cash dividend to shareholders in the current financial year. The company’s earnings per share (EPS) in the last financial year stood at Rs 1.29. The company had a loss per share of Rs (4.99) in the corresponding period of the previous financial year. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 86.66. The Annual General Meeting (AGM) of the company will be held on December 23. The record date for this has been fixed on November 18.

BSRM Steels: The company will pay 32 percent cash dividend to shareholders in the current financial year. The company’s earnings per share (EPS) in the last financial year stood at Tk 10.10. In the same period of the previous financial year, the company’s profit per share was Rs.7.92. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 80.93. The Annual General Meeting (AGM) of the company will be held on December 14. The record date for this has been fixed on 14 November.

Square Textiles: The company will pay 32 percent cash dividend to shareholders in the current financial year. The company’s earnings per share (EPS) in the last financial year stood at Rs 5.89. The company’s profit per share was Rs 5.81 in the corresponding period of the previous financial year. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 51.82. The Annual General Meeting (AGM) of the company will be held on December 18. The record date for this has been fixed on November 21.

Rahim Textiles: The company will pay 10 percent cash dividend to shareholders in the current financial year. The company’s earnings per share (EPS) in the last financial year stood at Rs 1.03. The company had a loss per share of Rs (13.18) in the corresponding period of the previous financial year. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 24.82. The Annual General Meeting (AGM) of the company will be held on December 18. The record date for this has been fixed on 14 November.

Star Adhesives: The SME platform company will pay 12.50 percent cash dividend to shareholders in the current financial year. The company’s earnings per share (EPS) in the last financial year stood at Rs 2.95. In the corresponding period of the previous financial year, the company’s profit per share was Rs.2.71. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 17.12. The annual general meeting (AGM) of the company will be held on January 23. The record date for this has been fixed on December 28.

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