Published: 12:53, 20 November 2024
The board of directors of BD Thai Food Limited, a listed company in the food and accessories sector, has declared final the interim 1 percent cash dividend declared for shareholders.
After reviewing the audited financial report for the financial year ended June 30, 2024, the board of directors of the company has not declared any new dividend to the shareholders.
Shareholders have already received a cash dividend of 0.10 taka against each share worth 10 taka.
On Wednesday (November 20), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).
Earlier on Tuesday (November 19) the board of directors meeting of BD Thai Food Limited decided to pay the dividend after reviewing and approving the audited financial report of the latest year.
The annual general meeting (AGM) of the company will be held on December 24 at 11 am to approve the declared dividend by consensus of the shareholders. The record date for this has been fixed on December 9.
The company’s earnings per share (EPS) for the financial year ended June 30, 2024 was Tk 0.02. The profit per share was Rs 0.17 in the corresponding period of the previous financial year.
Consolidated Net Asset Value Per Share (NAVPS) of the company stood at Tk 14.09 during the reporting period.
In view of this corporate announcement, there will be no price limit for the trading of shares of the company on this day.
Dhaka/NT/Rafiq
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Why did BD Thai Food choose not to declare a new dividend for the financial year ending June 30, 2024?
Title: An Insightful Conversation on BD Thai Food’s Dividend Announcement
Interviewer (Time.news Editor): Good afternoon, and thank you for joining us today. We have a special guest with us, Dr. Maria Hossain, a financial analyst specializing in the food sector. Today, we’re diving into the recent announcement from BD Thai Food Limited regarding their dividend. Welcome, Dr. Hossain!
Dr. Maria Hossain: Thank you for having me! I’m excited to discuss this important development in the food industry.
Editor: Let’s start with the basics. The board of BD Thai Food declared a final cash dividend of 1 percent which corresponds to a cash dividend of 0.10 taka against each 10 taka share. What does this mean for their shareholders?
Dr. Hossain: Essentially, this means that shareholders will receive a return on their investment, albeit a modest one. A 1 percent dividend is not particularly high, but in the current economic climate, it shows that the company is maintaining some level of profitability and is able to reward its investors, even if they aren’t declaring a new dividend for the financial year ending June 30, 2024.
Editor: You mentioned profitability. The report indicated that no new dividend was declared after reviewing the audited financial results. What might this imply about their financial health?
Dr. Hossain: It suggests a cautious approach. Not declaring a new dividend might indicate that the company is prioritizing its reserves or is preparing for potential challenges ahead. The absence of a new dividend could be seen as a signal that while they are managing their interim obligations, they might be facing uncertainties in sustaining higher dividend payouts.
Editor: Interesting perspective! The announcement was made on November 20, following a board meeting on November 19. How important is the timing of such announcements for investors?
Dr. Hossain: The timing can be quite critical. Investors often react to news quickly, so aligning announcements with clear communication helps in managing market expectations. An immediate update right after a decision can prevent speculation and maintain trust between the company and its stakeholders.
Editor: That makes sense. Given the current economic landscape and global market trends, how do you see the future of BD Thai Food and similar companies in the food sector?
Dr. Hossain: The food sector is quite resilient, particularly during economic downturns; however, companies must innovate and optimize their operations to remain competitive. For BD Thai Food to thrive, they will need to focus on boosting their product range, enhancing supply chain efficiency, and expanding into new markets. Sustainable practices will also become increasingly important. Investors will be watching closely to see how the company navigates these challenges.
Editor: Thank you for those valuable insights, Dr. Hossain. Before we let you go, what advice would you give to current and potential shareholders of BD Thai Food following this announcement?
Dr. Hossain: I would advise shareholders to stay informed about the company’s strategic decisions and keep an eye on their quarterly performance reports. Being aware of market changes and company initiatives can be crucial for making informed investment choices. It’s also wise to diversify investments to mitigate risks.
Editor: Great advice! Thank you again, Dr. Hossain, for sharing your expertise with us today. It’s been a pleasure to discuss BD Thai Food’s recent developments and what they might mean for investors.
Dr. Hossain: Thank you for having me. I look forward to seeing how BD Thai Food evolves in the future!
Editor: And to our readers, thank you for tuning in. Stay updated with us at Time.news for more on the latest financial news and insights!