BD Thai Food and Beverage Limited experienced a notable 16.55% surge in share value at the Dhaka Stock Exchange following the company’s announcement of a 1% interim cash dividend for its general shareholders during a board meeting. The half-yearly financial statement for fiscal year 2023–24 reveals a decline in earnings per share (EPS) by 11% to Tk0.16 in the July–December period compared to the same period in 2022–23.
Despite the dip in EPS, the market response to the dividend declaration positively impacts share prices, with securities regulations allowing unrestricted adjustment during the first trading session following such announcements. The record date for entitlement to the interim dividend is set for March 7, 2024.