Five companies recommend dividend up to 35 per cent

FE Team | Published: October 06, 2018 21:46:37

FE Report
Five listed companies have recommended dividend ranging between 5.0 per cent and 35 per cent in last week for the year ended on June 30, 2018.
The companies are IFAD Autos, Bangladesh Submarine Cable Company, Summit Alliance Port, The ACME Laboratories, and Bangladesh Lamps.
Of the companies, IFAD Autos has recommended dividend in the form of both stock and cash, while others recommended only cash dividend.
The earnings per share (EPS) of IFAD Autos has also rose significantly for the year ended on June 30, 2018.
The board of directors of IFAD Autos has recommended 22 per cent cash dividend for shareholders, other than sponsors-directors, and 10 per cent stock dividend for all shareholders for the year ended on June 30, 2018.
The company disbursed 21 per cent cash dividend for shareholders, other than sponsors-directors, and 5 per cent stock dividend for all shareholders in previous year.
The company has reported EPS of Tk. 7.01 and NAV per share of Tk. 38.25 for the year ended on June 30, 2018 as against Tk. 4.81 and Tk. 38.61 respectively for the same period of the previous year.
The board of directors of Bangladesh Submarine Cable Company has recommended 5.0 per cent cash dividend for the year ended on June 30, 2018 against 12 per cent cash dividend disbursed for same period of the previous year.
The company has reported EPS of Tk. 0.44 and NAV per share of Tk. 35.68 for the year ended on June 30, 2018 as against Tk. 1.93 and Tk. 36.44 respectively for the same period of the previous year.
Summit Alliance Port has recommended 12.50 per cent cash dividend for the year ended on June 30, 2018 against 15 per cent cash dividend for previous year.
The company has reported consolidated EPS of Tk. 0.62 and consolidated NAV per share of Tk. 24.70 for the year ended on June 30, 2018 as against Tk. 0.67 and Tk. 25.04 respectively for the same period of the previous year.
The board of directors of The ACME Laboratories has recommended 35 per cent cash dividend for the year ended on June 30, 2018. The company disbursed same amount of cash dividend for same period of the previous year.
The company has reported EPS of Tk. 6.74 and NAV per share of Tk. 83.39 for the year ended on June 30, 2018 as against Tk. 6.61 and Tk. 80.13 respectively for the same period of the previous year.
The board of directors of Bangladesh Lamps has recommended 20 per cent cash dividend for the year ended on June 30, 2018. It disbursed 30 per cent cash dividend for the 18 months (from January 01, 2016 to June 30, 2017).
The company has reported EPS of Tk. 4.32 and NAV per share of Tk. 88.59 for the year ended on June 30, 2018 as against Tk. 4.20 and Tk. 93.71 respectively for the same period of the previous year.
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