Quasem Industries declares 10% stock dividend

Quasem Industries Limited has recommended a 10-percent stock dividend to its shareholders for the year ended on June 30, 2021.

The dividend payout was recommended at a meeting of the company’s board of directors.

However, final approval regarding the dividends will come during the annual general meeting (AGM) scheduled for November 25, 2021 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Tuesday.

The company reported EPS of Tk 1.39 and consolidated NAV per share of Tk 30.45 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed on November 3.

There was no price limit on the trading of the shares of the company on Tuesday following its corporate declaration.