Record dividends of two companies in the engineering sector

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Record dividends of two companies in the engineering sector
Record dividends of two companies in the engineering sector

Record dividends of two companies in the engineering sector

Two listed engineering companies have declared the highest dividend after listing. These are BSRM Limited and BSRM Steel Limited. The company announced two record dividends at its board meeting on October 23.

It is learned that the Board of Directors of BSRM Limited has reviewed the financial statements for the financial year ended June 30, 2021 and declared a cash dividend of 50 per cent including 10 per cent interim dividend for the concerned investors. The record is the highest since the declared dividend was listed. Earlier in 2019, the company had declared a maximum cash dividend of 25 percent.

The company’s Annual General Meeting (AGM) will be held on December 23 through the digital platform to approve the dividend declared for the financial year ended June 30, 2021 with the consent of the concerned investors. The record date has been set for November 18.

According to the financial report for the last financial year, the company’s earnings per share (EPS) has been 18 rupees 96 paise. At the same time last year, the consolidated earnings per share (EPS) was 3 rupees 90 paise.

And on June 30, 2021, the company’s net asset value per share (NAVPS) stood at Tk 126.57. Last year, the asset value per share was 96 rupees 47 paise.

On the other hand, the Board of Directors of BSRM Steel Limited, after reviewing the financial statements for the financial year ended June 30, 2021, declared a cash dividend of 40 per cent, including 10 per cent interim dividend for the concerned investors. Earlier in 2016, the company paid a maximum of 35 percent cash dividend.

The company’s Annual General Meeting (AGM) will be held on December 23 through the digital platform to approve the dividend declared for the financial year ended June 30, 2021 with the consent of the concerned investors. The record date has been set for November 18.

According to the financial report for the last financial year, the company’s earnings per share (EPS) has been 8 10 paise. Earnings per share (EPS) for the same period last fiscal was Tk 1.98.

And on June 30, 2021, the company’s net asset value per share (NAVPS) stood at Tk 72.38. In the previous year, the asset value per share was 56 rupees 74 paise.

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