Dividends of cos mark rise in 2016

Dhaka,  Tue,  28 March 2017
Published : 18 Mar 2017, 21:18:11
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Dividends of cos mark rise in 2016

FE Report

The dividends, recommended by many listed companies, comparatively rose in 2016 than that of the previous year.

According to information of Dhaka Stock Exchange (DSE), a rise was observed in many local companies' dividends recommended for last calendar and financial year.

On the other hand, mixed performance was observed in dividends recommended by some multinational companies.

Md Moniruzzaman, managing director of IDLC Investments, said the overall business activities comparatively rose in 2016 than the previous year.

"That's why a rise is being observed in dividends recommended by the companies. It can be termed as a positive trend," said Moniruzzaman.

Among the companies, Pubali Bank recommended 5.0 per cent cash dividend and 8.0 per cent stock dividend for the calendar year 2016 against 12 per cent cash dividend disbursed in the previous year.

Trust Bank recommended 15 per cent cash dividend and 10 per cent stock dividend for 2016. The company recommended 7.0 per cent cash dividend and 8.0 per cent stock dividend for last year.

The Mercantile Bank issued 12 per cent cash dividend for the calendar year 2015 and the company recommended 15 per cent cash dividend and 5.0 per cent stock dividend for the calendar year 2016.

Bangladesh Shipping Corporation (BSEC) recommended 12 per cent stock dividend for the financial year 2016 against 10 per cent cash dividend disbursed in previous year.

RAK Ceramics recommended 20 per cent cash dividend and 5.0 per cent stock for the year ended on December 31, 2016 against 25 per cent cash dividend disbursed in the last year.

Singer Bangladesh disbursed 65 per cent cash dividend for the calendar year 2015 and recommended 70 per cent cash for the year ended on December 31, 2016.

IDLC Finance recommended 30 per cent cash dividend for the calendar year 2016 against 25 per cent cash dividend disbursed in the previous year.

British American Tobacco Bangladesh recommended 600 per cent cash dividend for the calendar year 2016 against 550 per cent cash dividend disbursed in the previous year.

Green Delta Insurance recommended 20 per cent cash dividend for the year ended on December 31, 2016 against 25 per cent cash dividend issued in the last year.

LankaBangla Finance issued 15 per cent stock dividend and 15 per cent cash dividend for the year ended on December 31, 2015 and the company's dividend remained same for the calendar year 2016.

Dutch Bangla Bank recommended 30 per cent cash dividend for the calendar year 2016 against 40 per cent cash dividend issued in previous year.

Glaxosmithkline Bangladesh has recommended 500 per cent cash dividend for the calendar year 2016. The company issued 550 per cent cash dividend in 2015.

Reliance Insurance recommended 15 per cent cash dividend and 10 per cent stock dividend for the calendar year 2016 against 15 per cent cash dividend and 15 per cent stock dividend issued in previous year.

IPDC Finance recommended 20 per cent stock dividend for the calendar year 2016 against same amount of dividend issued in 2015.

Heidelberg Cement Bangladesh recommended 300 per cent cash dividend for the year ended on December 31, 2016 against same amount of dividend recommended in previous year.

The Lafarge Surma Cement recommended 10 per cent dividend, including 5.0 per cent interim cash dividend, for the year ended on December 31, 2016. The company's dividend was same in the previous year.

The amount of Grameenphone's cash dividend was 175 per cent, including 85 per cent interim dividend, for the year ended on December 31, 2016. The amount of dividend issued in previous year was 140 per cent.

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Editor : A.H.M Moazzem Hossain
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