Stocks
DSE-SME platform is ahead of the stock market in dividends
215 DSE-listed companies have declared cash dividend for the fiscal year ended (June 30, 2022). Out of this, 204 shares of the company are traded in DSE. The remaining 11 companies are listed on the SME Market (Small & Medium Enterprises). According to the companies, 56 percent of the companies in the market will pay more than 10 percent dividends to investors in the fiscal year ended. On the other hand, 81 percent of companies in the SME market are paying more than 10 percent dividends to investors.
11 companies listed on the SME market have declared cash dividends of around Tk 30 crore for the financial year ended (June 30, 2022). Among the companies, 9 companies will give 10 percent or more dividends. Out of this, the highest dividend will be given by the Krishibid seed. And Nialco Alloys declared the lowest dividend. This information is known from related sources.
It is reported that among the listed companies in the SME market, Krishibid Seed, which has declared the highest cash dividend, will pay 15 percent cash dividend to investors. The amount of this dividend is Tk 4.5 crore.
Star Adhesivse is second in cash dividend payout in the SME market. The company will pay 12.5 percent dividend to investors for 2022. The amount of this dividend is Tk 2.5 crore.
Oryza Agro Industries Limited has declared 11 percent cash dividend to common investors for the fiscal year ended. The general investors of the company will get a total dividend of 3 crore 76 lakh takas.
Also, 6 companies of SME platform have declared 10 percent cash dividend to common investors. Out of this, BD Paints 4 crore 24 lakh, Achia Sea Food 2 crore 59 lakh, Mamun Agro 3 crore 50 lakh, Master Feed Agrotech 4 crore 10 lakh, Himadri Limited 8 lakh and Yousuf Flour Mills 6 lakh taka.
Among the companies that declared dividend, 6 companies declared dividend only to general investors. The founders and directors of these companies will not receive dividends. The companies are – BD Paints Limited, Mamun Agro Products, Mustafa Metal Industries, Achia Sea Food, Oryza Agro Industries & Master Feed Agrotech Limited.
Al Amin, a DSE market analyst and Associate Professor of Accounting and Information Systems Department of Dhaka University, imagined that SME companies should be given a chance if they want to do well in the market. He told Orthosongbad that SME platform companies have given better dividends compared to the DSE market. Giving a chance to small-cap companies that are making good profits will be good for the DSE market. Because there are many companies in our core market that are paying nominal dividends.
Regarding investment in SMEs, he said, the investment decision is up to the investors themselves. If the share price of SME companies is in line with the market, then price increase is not a headache. And if share price is increased by manipulation, then BSEC takes action.
Incidentally, on September 16 last year (2021), the OTC market of two stock exchanges (DSE and CSE) was canceled by the capital market regulatory body Bangladesh Securities and Exchange Commission. On that day, the commission decided to delist 29 companies and transfer 41 companies to SME and ATB (Alternative Trading Board). Later, on September 30 of the same year, trading started on the SME platform of the Dhaka Stock Exchange. On that day, trades were initially launched on DSE’s SME platform with six companies. Presently there are 15 companies listed in the DSE-SME Platform.
Dhaka Stock Exchange DSE, Bourse on the fourth working day of the week, October 4, ended with price Index mixed& turnover drop. This information is known from DSE sources.
450 crores 98 lakh shares were traded on this day. 46 crore 18 lakh less trading was done in DSE today compared to the previous workday, 3 October, Shares worth Tk 497 crores 17 lakh shares were traded last time, Tuesday.
The benchmark DSEX added 0.34 points or 6,262 The Shariah-based index DSES dropped 0.73 points or 1,356, and the blue-chip index DS30 increased by 0.82 points or 2,135.
Of the issues traded, 64 advanced, 75 declined and 164 remained unchanged.
Reliance Insurance Limited ranked top gainer on DSE, the share price increased by Tk 5.40 paisa or 7.74 percent. On this day, the share was last traded at Tk 75.20 paisa
Apex Foods Ltd ranked top loser on the DSE, the share price dropped by Tk 29.80 paisa or 7.23 percent. On this day, the share was last traded at Tk 382.20 paisa.
DSE topped on trade is Sea pearl Beach resort & Spa Ltd 28 crore 47 lakh takas of shares of the company have been traded.
A total of 130 companies’ shares were traded in the Block on Dhaka Stock Exchange, 2 crore 47 thousand 72 lakh 600 shares of the companies were traded. The financial value of which is 78 crore 72 lakh taka.
One of the Listed Companies, Apex Foods Limited has recommended 20% cash Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported an Earnings Per Share (EPS) of Tk. 8.91 for the year ending June 30, 2023. The Net Asset Value (NAV) per share stands at Tk. 136.20.
The Annual General Meeting (AGM) of the company will be held on November 30 through the digital platform. The record date for this has been fixed at October 26.
One of the Listed Companies, Apex Spinning & Knitting Mills Limited has recommended 20% cash Dividend for the year ended June 30, 2023.
In terms of financial performance, the company has reported an Earnings Per Share (EPS) of Tk. 3.51 for the year ending June 30, 2023. The Net Asset Value (NAV) per share stands at Tk. 64.37.
The Annual General Meeting (AGM) of the company will be held on November 30 through the digital platform. The record date for this has been fixed at October 26.
