News Briefs--(1-5-2018)

Bata Shoe recommends 335pc dividend

Bata Shoe Company (Bangladesh) Limited has recommended 105 per cent final cash dividend in addition to 230 per cent interim cash dividend declared earlier and paid in December 2017, thus making a total 335 per cent cash dividend for the year ended on December 31, 2017. The AGM will be held on June 21 at its registered office and factory premises at Tongi, Gazipur. The record date is on May 23. Meanwhile, the company has requested the shareholders to update their 12 digits e-TIN number in their respective Folio/BO account before the record date failing which Income Tax at Source will be deducted @ 15 per cent instead of 10 per cent on cash dividend as per Income Tax Ordinance 1984 under section 54. — DSE/CSE online