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Maksons Spinning Mills Limited has recommended an 11 per cent cash dividend for its shareholders for the last fiscal year.
The board of directors of the publicly traded company fixed the dividend at a meeting held on Sunday, according to company sources.
The spinning company will hold an annual general meeting (AGM) through virtual platform on January 19 to get the dividend approved while the record date for entitlement of the dividend is November 21.
Maksons Spinning has reported earnings per share (EPS) of Tk 2.07 for FY21, which was negative Tk 0.37 in FY20.
Its net asset value (NAV) per share stood at Tk 20.09 in the year ended on June 30, against Tk 18.20 of the previous year. The company’s share price went up from Tk 32.9 to Tk 33.6 at the Dhaka Stock Exchange on Sunday.
It was listed with the Dhaka and Chattogram bourses in 2009 and has been carrying out share trading under the ‘B’ category by providing dividends regularly.
As of September 30, the public were holding 53.30 per cent shares of the company while sponsor directors and institutes were holding 30 per cent and 16.70 per cent shares respectively. The company has no government and foreign shareholders.
Maksons Spinning Mills Limited is one of the largest spinning mills in the country, which was established on September 25, 2003.
With over 15 years in the textile sector it has reached a capacity of over one lakh spindles, making it one of the highest producers of yarn, with a production capacity of 20.65 million Kg Annually.
Maksons produces different types of yarn to better serve its customers. The different types of yarn produced in Maksons are Cotton card, Combed, Slub, Organic, BCI, and Compact Yarn.
