Boards of directors of six listed companies have declared dividends to shareholders. The companies are: British American Tobacco Bangladesh Company Limited (BATBC), Desh Garments Limited, GQ Ballpen Industries Limited, Mustafa Metal Industries Limited, Lube-Ref Bangladesh Limited and WATA Chemicals Limited.
On Wednesday (October 30), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).
The company’s board of directors meeting held yesterday (October 29) decided to pay the dividend after reviewing and approving the audited financial report of the last financial year.
After reviewing the audited financial report for the financial year ended June 30, 2024 and the unaudited financial report for the third quarter ended September 30, 2024, the board of directors of the companies declared the dividend to the shareholders.
BATBC: A review of the third quarter unaudited financial report will pay a 150 percent cash interim dividend to shareholders. The company’s profit per share was Rs 7.35 in the third quarter. The company’s profit per share was Rs 7.52 in the corresponding period of the previous financial year.
Besides, the consolidated profit per share of the company for nine months or three quarters of the current financial year has been Tk 24.49. In the corresponding period of the previous financial year, the profit per share of the company was Rs. 25.11. As of September 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 113.82.
Country Garments: The company has declared 3 percent cash dividend for the shareholders during the financial year under review. Desh Garments Earnings Per Share (EPS) in the last financial year stood at Tk 0.59. In the same period of the previous financial year, the profit per share of this company was 0.38 rupees. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 18.44.
Annual General Meeting (AGM) of Desh Garments will be held on December 23. The record date for this has been fixed on November 17.
GQ Ballpen Industries: The company will pay 3 percent cash dividend to shareholders in the current financial year. The loss per share (EPS) of GQ Ballpen Industries in the last financial year was Rs.3.50. The company had a loss per share of Rs 0.12 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 113.57.
The Annual General Meeting (AGM) of GQ Ballpen Industries will be held on December 26. The record date for this has been fixed on November 20.
Mustafa Metal: The company will pay 4 percent cash dividend to the shareholders in the current financial year. Mostafa Metal’s earnings per share (EPS) in the last financial year stood at Tk 1.20. The company’s profit per share was Rs 1.16 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 14.14.
Annual General Meeting (AGM) of Mustafa Metal will be held on December 21. The record date for this has been fixed on November 25.
Lube-Ref Bangladesh: The company will pay 1 percent cash dividend to shareholders in the current financial year. In the last financial year, Lub-Ref Bangladesh’s earnings per share (EPS) stood at Tk 0.74. In the same period of the previous financial year, the profit per share of this company was 1.41 rupees. As on June 30, 2024, the company’s net asset value per share (NAVPS) stood at Tk 37.42.
Annual General Meeting (AGM) of Lub-Ref Bangladesh will be held on December 26. The record date for this has been fixed on November 21.
WATA CHEMICALS: The company will pay 12 percent cash dividend to shareholders in the current financial year. In the last financial year, Lub-Ref Bangladesh’s earnings per share (EPS) stood at Tk 0.67. The company’s profit per share was Rs 3.03 in the corresponding period of the previous financial year. As on June 30, 2024, Lube-Ref Bangladesh’s Net Asset Value per Share (NAVPS) stood at Tk 61.60.
Annual General Meeting (AGM) of Lub-Ref Bangladesh will be held on December 26. The record date for this has been fixed on November 28.
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Interview between Time.news Editor and Financial Expert
Editor: Welcome to Time.news! Today, we have the pleasure of speaking with Dr. Anisa Rahman, a renowned financial analyst with deep expertise in stock market trends and corporate financial performance. Dr. Rahman, thank you for joining us.
Dr. Rahman: Thank you for having me. It’s always a pleasure to discuss the dynamics of the market.
Editor: Recently, six listed companies have declared dividends to their shareholders, including British American Tobacco Bangladesh and Desh Garments. What can you tell us about this trend in dividend declarations?
Dr. Rahman: Absolutely! The declaration of dividends is a positive sign, indicating that these companies are generating sufficient profits to reward their shareholders. It reflects financial health and an optimistic outlook for the future, especially as they have reviewed their performance and audited reports.
Editor: Let’s break it down a bit. British American Tobacco Bangladesh declared a 150% cash interim dividend. What does that tell us about their earnings and overall performance?
Dr. Rahman: A 150% cash dividend is impressive. It highlights that BATBC has maintained strong earnings per share, with a reported Rs 7.35 in the third quarter compared to Rs 7.52 the previous year. Their consolidated profit per share of Tk 24.49, although slightly down from Tk 25.11 last year, still indicates robust profits. Such announcements often buoy investor confidence.
Editor: That’s interesting. Now, shifting to Desh Garments, they declared a 3% dividend with an earnings per share increase to Tk 0.59, up from Tk 0.38 year-on-year. What does that mean for their shareholders?
Dr. Rahman: Desh Garments is showing positive movement with increased earnings per share — a good indicator that operational efficiencies or sales growth could be taking place. However, a 3% dividend may suggest cautious optimism; they’re rewarding shareholders without overcommitting. Their upcoming Annual General Meeting is an excellent opportunity for shareholders to gain insights into future plans.
Editor: GQ Ballpen Industries, on the other hand, reported a loss per share in the last financial year but still declared a 3% cash dividend. How do you interpret that?
Dr. Rahman: That’s a more complex scenario. Declaring a dividend despite a loss can indicate a few things—possibly a need to maintain shareholder confidence or a strategic move based on previous reserves from profitable years. It’s essential for investors to dig deeper into the company’s financials and management’s strategy to understand this decision fully.
Editor: It seems like shareholders need to be vigilant. Moving on, Mustafa Metal announced a 4% dividend with stable earnings of Tk 1.20 per share. How important is it for companies to maintain a consistent earnings trend to attract investors?
Dr. Rahman: Consistency in earnings helps to build investor trust, which is vital in the long term. Mustafa Metal’s stability in earnings alongside their decent dividend shows they have a reliable business model, which is attractive for both current and potential investors.
Editor: Something I found quite telling was Lube-Ref Bangladesh, which declared a 1% dividend. They seem to trail behind the other companies in terms of profitability. What does that mean for their future?
Dr. Rahman: A lower dividend could point to constrained earnings or greater investment needs within the company. It is a signal that they might be prioritizing reinvestment in growth initiatives over immediate shareholder returns. Investors might view this as a risk, depending on Lube-Ref’s strategic direction and market conditions.
Editor: what advice would you give to investors watching these dividend announcements?
Dr. Rahman: My advice would be to look beyond the dividend percentage. Investors should assess the company’s overall financial health, market position, future strategies, and industry trends. It’s crucial to align dividends with long-term investment goals rather than short-term returns.
Editor: Thank you so much for your insights, Dr. Rahman. It’s essential to keep a broader perspective in these discussions.
Dr. Rahman: Thank you for having me! It’s always a pleasure to share insights about the financial world.
Editor: This has been a fascinating discussion on dividend declarations and what they mean for shareholders. Stay tuned for more updates on market trends from Time.news!