Home ›› 29 Oct 2022 ›› Stock
Bashundhara Paper Mills Limited (BPML), a publicly traded company, has reclared a 10 per cent cash dividend to its shareholders for the year ended in June 2022.
The board of directors of the Bashundhara Group’s sister concern recommended the dividend payout during a meeting held on Friday, a company source familiar with the matter said.
The listed firm’s earnings per share (EPS) stood at Tk 2.92 for FY22 against Tk 2.37 for the previous fiscal.
The recommended dividend is expected to get the investors’ approval at the company’s annual general meeting (AGM) slated to be held on December 27.
The company reported a net asset value (NAV) per share of Tk 74.31 for the year ended June 30, 2022 as against Tk 45.81 for the same period of the previous year.
Basundhara Paper Mills made its debut on the Dhaka Stock Exchange on July 2, 2018. Its shares were traded at Tk 83 per share on the DSE trading floor on Thursday.
The company paid a 12 per cent cash dividend for FY21.
With an authorised capital of Tk 500 crore the company had a paid-up capital base of Tk 173 crore while its total number of securities stands at 173.79 million.
The company’s sponsors and directors currently own a 70.86 percent stake in the company’s board, while institutional investors hold 7 percent, and the general public 22.14 percent, according to the Dhaka Stock Exchange data.
Bashundhara Paper Mills is one of the major concerns of the business conglomerate Bashundhara Group.
Incorporated in 1993 as a private limited company, BPML subsequently converted into a public limited company, and finally as a publicly listed company.
After the start of commercial operation as an import-substitute local paper manufacturing company, two other sister concerns of the Bashundhara Group —Bashundhara Newsprint & Duplex Board Industries Limited and Bashundhara Tissue Industries Limited — were merged with BPML in October 2009.
It now has three production units in Narayanganj and Munshiganj districts.
