KDS recommends 15pc dividend

The board of directors of KDS Accessories Ltd has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on November 7 at 11am at Chittagong Boat Club in the port city, according to an official disclosure on Sunday.

The record date for entitlement of dividend is on October 01.

The Chittagong-based company has also reported earnings per share (EPS) of Tk 2.20, net asset value (NAV) per share of Tk 24.94 and net asset value per share (NOCFPS) of Tk 2.02 for the year ended on June 30, 2019 as against Tk 2.21, Tk 24.88 and Tk 3.08 respectively for the same period of the previous year.

The KD Accessories also informed that the company declared bonus shares that will be utilised for process up-gradation and innovation.

In 2018, the company also disbursed 10 per cent cash dividend and 5.0 per cent stock dividend.

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