Mamun Agro Products Limited has proposed a 12% dividend for FY 2022–23. The dividend comprises 10% in cash for general shareholders and 2% in stock dividends for sponsor-directors. The company disclosed this information on Sunday, December 10, 2023, across stock exchanges.
Despite the dividend announcement, there is a decrease in earnings per share (EPS) from Tk1.22 to Tk1.06 compared to FY 2022. The dividend distribution strategy, with a higher portion in cash for general shareholders and stock dividends for sponsor directors, reflects the company’s approach to benefiting different categories of stakeholders. The disclosed financials indicate the company’s commitment to rewarding shareholders despite the observed decline in EPS.