BD Welding recommends 1% stock dividend for 2019

The Board of Directors of Bangladesh Welding Electrodes Ltd has recommended no dividend for the year ended on June 30, 2018, and recommended 1% stock dividend for the year ended on June 30, 2019.

The final approval will come during the annual general meeting (AGM) scheduled to be held on September 9, at 11:30am for the year 2018, and at 12pm for the year 2019, on digital platform. The record date is August 31.

There will be no price limit on the trading of the shares of the company on Monday following its corporate declaration. However, as per the BSEC Order issued on March 19, 2020, the floor price shall be applicable accordingly.

In addition, the company has reported EPS (Earnings per share) of Tk (0.36), NAV (Net asset value) per share of Tk 11.69 and NOCFPS (Net Operating Cash Flow per Share) of Tk (0.41) for the year ended on December 31, 2018, as against Tk 1.95, Tk 12.04 and Tk (0.73) respectively for the same period of the previous year.

It has also reported EPS of Tk (0.08), NAV per share of Tk 11.61 and NOCFPS (Net Operating Cash Flow per Share) of Tk (0.09) for the year ended on December 31, 2019, as against Tk (0.36), Tk 11.69 and Tk (0.41) respectively for the same period of the previous year.

The company said it declares the dividend in honour of a High Court order passed on February 19, 2020, on Company Matter case no. 298 of 2019 for conducting the AGMs for the financial years 2017-18 and 2018-19.

sik/