Home ›› 04 Oct 2022 ›› Stock
KDS Accessories Limited, a manufacturer of garment accessories, has announced the highest dividend in the last six fiscal years.
The company declared a 16 per cent cash dividend for the year ended June 30, 2022 which is up 1 per cent from the previous fiscal year. The company paid a 15 per cent cash dividend for FY21.
From 2016 to 2020, the company paid a dividend of 15 per cent every year, with 10 per cent in cash and 5 per cent in bonuses.
KDS Accessories, a subsidiary of Chattogram-based KDS Group, increased its revenue and profit by 44 per cent and 5 per cent respectively in FY2021-22.
The company’s earnings per share (EPS) was Tk 2.33 and net asset value (NAV) per share was Tk 25.58 for the year ended June 30, 2022 as against Tk 2.20 and Tk 24.75 respectively for the same period of the previous year.
The company’s annual general meeting will be held on November 24. It has set November 1 as the deadline for identifying shareholders who are eligible for cash dividends.
KDS Accessories went public in 2015, raising Tk 24 crore through an initial public offering on the stock exchange.
Using the proceeds from the IPO, the company built the third unit of its Gazipur factory. On Monday, its shares closed at Tk77.40 each on the Dhaka Stock Exchange.
