Home ›› 21 Oct 2022 ›› Stock
Two listed companies from Square Group — Square Pharmaceuticals Limited and Square Textile Limited — outshined in the fiscal year 2021-22 as both the company have declared a lucrative cash dividend for the fiscal.
The board of directors of Square Pharmaceuticals Limited on Thursday declared a staggering 100 per cent cash dividend for its shareholders for fiscal 2021-22, while the board of the latter recommended a 35 per cent cash dividend.
At the end of FY22, Square Pharma’s earnings per share (EPS) stood at Tk 20.51 versus Tk 17.99 in the previous year.
The company’s board also decided to invest another Tk 300 crore for modernisation and expansion of its BMRE factory. Meanwhile, the dividend Square Textiles announced was the highest in the last 12 years.
Going public in 2002, Square Textiles was giving cash dividends for the fourth year in a row— 20 per cent 2019 and 2021, and 10 per cent in 2020. Its EPS stood at Tk 9.93 in FY22 from Tk3.41 in FY21.
