Atlas Bangladesh is not paying dividends for three years

20 listed companies declared dividends to investors in the last financial year. Dhaka Stock Exchange (DSE) released the dividend information of the companies during the farewell week. Among these companies, 15 companies have announced to pay Tk 44 crore 24 lakh 42 thousand as cash dividend to the shareholders. The remaining five companies have decided not to pay dividends.

It is known that Meghna Petroleum Limited, an energy sector company, has decided to give the highest dividend to the investors. In 2023, the company has announced a dividend of 160 percent in cash or 1 taka 60 paisa per share for shareholders. Accordingly, the investors of Meghna Petroleum will receive a total of 17 crore 31 lakh 45 thousand 772 taka as cash dividend.

Another company in the energy sector, Padma Oil Company Limited, has decided to pay a dividend of 135 percent in cash or 1 taka 35 paisa per share to the investors in the financial year ended. Investors of the company will get 13 crore 26 lakh 14 thousand 212 taka as cash dividend.

Kohinoor Chemical Industries Limited will pay a dividend of 40 per cent in cash or 40 paise per share to investors. The shareholders of the company listed in the pharmaceutical and chemical sector will receive a cash dividend of Tk 1 crore 22 lakh 54 thousand 813 in 2023. At the same time, the company also announced a 20 percent bonus dividend. That is, apart from cash dividend, investors will get one share as bonus against 20 shares.

Eastern Lubricants Blenders Limited has decided to pay 60 percent cash dividend to shareholders for the financial year ended. At 60 paisa per share, the company will pay a total dividend of 7 lakh 87 thousand 248 rupees. Also, the company has decided to give 10 percent dividend to the investors.

MB Pharmaceuticals Limited has announced a cash dividend of 15 per cent or 15 paisa per share in 2023 to the company’s shareholders. This company in the pharmaceutical and chemical sector will pay a total of Tk 360,000 as cash dividend to the investors.

Orion Infusion Limited, another company in the pharmaceutical and chemical sector, will pay a total of Tk 20 lakh 35 thousand 976 as cash dividend to the investors in the last financial year. The shareholders of the company will get a cash dividend of 10 percent or 10 paise for each share.

Also, Sonali Ansh Industries, Pharma Aids and Power Grid Company of Bangladesh Limited will give cash dividend of 10 percent or 10 paise per share. Out of this, Golden Fiber will pay Tk 5 lakh 42 thousand 400, Pharma Aids Tk 3 lakh 12 thousand and Power Grid Tk 7 crore 12 lakh 72 thousand 699 as cash dividend to the investors. Sonali Aash also announced 100 percent bonus shares along with cash dividend. That is, the investors of the company will get one share as bonus against each share.

Investors of Meghna Cement Industries Limited, listed in the cement sector, will receive a total cash dividend of 1 crore 50 lakh 42 thousand 157 taka in 2023. The company has decided to pay a dividend of 5 percent or 5 paise per share to the investors.

State-owned Eastern Cables Limited has declared a cash dividend of 3 percent for the financial year ended for investors. For the year 2023, the investors of the company will receive a total of 79 lakh 20 thousand taka as dividends. Another institution owned by the government, Investment Corporation of Bangladesh (ICB) will give a total dividend of 2 crore 11 lakh 52 thousand 657 taka to the investors at the rate of two and a half percent.

Lub-Ref Bangladesh Limited has declared a cash dividend of 2 percent or two paise. Investors of the company will get a dividend of 29 lakh 4 thousand 862 taka in 2023. Another company, Haqqani Pulp, has announced a cash dividend of 380,000 rupees at the rate of two percent per share. Golden Son Limited will pay a cash dividend of 17 lakh 17 thousand 297 taka at 1 percent per share.

Meanwhile, Prashant Kumar (PK) Halder’s looted FAS Finance has not declared any dividend for the investors in the financial year ended. In continuation of the last few years, this company has made huge losses in the financial year 2022-23 as well. As a result, the company disappointed the shareholders.

Also, Central Pharmaceuticals, BD Thai Aluminium, BD Services and National Tubes Ltd have decided not to pay dividend to shareholders for the financial year ended.