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Kohinoor Chemicals Declares 40% Cash Dividend

Industry: Chemical, Chemical & Engineering
Company: Kohinoor Chemicals Company Bangladesh Ltd.
Company Intelligence Tag: Business Insights

Kohinoor Chemicals Company (Bangladesh) Limited has declared a dividend for the financial year ending June 30, 2022. The company will pay investors a 40 percent cash dividend and a 10 percent stock dividend. Kohinoor Chemicals reported an Earnings per Share (EPS) of Tk 12.31 for the financial year 2022, a notable increase from Tk 10.34 (revised) in the previous year. The company’s net asset value per share (NAVPS) at the end of June 30, 2022, was Tk 59.46, compared to Tk 48.74 (revalued) in the preceding financial year.

Kohinoor Chemicals has scheduled its Annual General Meeting (AGM) to be held virtually on December 10, 2022, at 3 pm, where shareholders will consider the proposed dividend and other related matters. The record date for this dividend is November 23, 2022.

In the prior financial year (2021-22), the company paid a total dividend of 50% to shareholders, with a 35 percent cash dividend and a 15% stock dividend. Kohinoor Chemicals has been consistently rewarding its shareholders with dividends in recent years, reflecting its commitment to creating value for investors.

 

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