5 cos recommend div up to 25pc

Five listed companies have recommended dividends in last week between 12 per cent and 25 per cent for the year ended on June 30, 2019.
The companies recommended dividends in the form of cash and stock, or both.
Of five companies, the earnings per share (EPS) of three companies declined marginally compared to previous year.
The two companies which witnessed marginal rise in EPS are Runner Automobiles and Evince Textile.
The board of directors of BSRM Steels has recommended 25 per cent cash dividend for the year ended on June 30, 2019.
The company distributed 10 per cent cash and 10 per cent stock dividend in the previous year.
The company has also reported EPS of Tk. 4.60, NAV per share of Tk. 55.58 and NOCFPS of Tk. (12.43), a negative value, for the year ended on June 30, 2019 as against Tk. 4.79, Tk. 37.48 and Tk. 2.20 respectively for the same period of the previous year.
In a clarification, the company said the slower collection of sales proceeds due to increased competition in the market and initial working capital loans for operation of the new Billet Making plant are responsible for negative NOCFPS reported for 2019.
Bangladesh Steel Re-Rolling Mills has also recommended 25 per cent cash dividend against 10 per cent cash and 10 per cent stock dividend distributed in the previous year.
The company has also reported consolidated EPS of Tk. 7.88, consolidated NAV per share of Tk. 97.46 and consolidated NOCFPS of Tk. 39.62 for the year ended on June 30, 2019 as against Tk. 11.77, Tk. 63.70 and Tk. (37.39) respectively for the same period of the previous year.
Of other companies, Runner Automobiles has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019.
The company has reported consolidated EPS of Tk. 5.07, consolidated NAV per share of Tk. 65.49 and consolidated NOCFPS of Tk. 0.67 for the year ended on June 30, 2019 as against Tk. 4.90, Tk. 59.53 and Tk. 2.64 respectively for the same period of the previous year.
The board of directors of Evince Textiles has recommended 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019.
The company has reported consolidated EPS of Tk. 1.07, consolidated NAV per share of Tk. 15.32 and consolidated NOCFPS of Tk. 2.49 for the year ended on June 30, 2019 as against Tk. 1.06, Tk. 14.44 and Tk. 2.71 respectively for the same period of the previous year.
Argon Denims has recommended 10 per cent cash and 5.0 per cent stock dividend against 15 per cent cash dividend distributed in the previous year.
The company has also reported EPS of Tk. 3.06, NAV per share of Tk. 27.93 and NOCFPS of Tk. 3.19 for the year ended on June 30, 2019 as against Tk. 3.14, Tk. 26.47 and Tk. 4.21 respectively for the same period of the previous year.
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