Apex Footwear Limited has recommended a 35 per cent cash and 5 per cent stock dividend for the financial year ended on June 30, 2021. The company has reported its earnings per share (EPS) is Tk9.36 for the financial year ended on June 30, 2021 which has increased from Tk5.62 for the same period, the year prior.
The company is going to utilize its retained amount as paid-up capital to improve the capital adequacy of the company. Additionally, the company also stated that its stock dividend has been declared from its accumulated profit instead of its capital reserve or revaluation reserve.
The company’s annual general meeting is scheduled to take place next November 22.