BSEC approves Queen South Textile’s stock dividend
Queen South Textile Mills Limited has recently got the Bangladesh Securities and Exchange Commission's (BSEC) approval to issue a 10% stock dividend for its shareholders.
The company recommended the dividend for fiscal 2020-21 on 28 October last year.
To determine which shareholders are eligible to receive the stock dividend, the company set the record date for 22 February.
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The company was listed on the Dhaka Stock Exchange (DSE) in 2018. Its paid-up capital is Tk130 crore, which was raised for the company's business expansion, and working capital.
On Sunday, its share price fell by 7.12% to Tk28.7 each at the DSE.
In the last fiscal year, its earnings per share (EPS) stood at Tk1.25, which was 40% higher than the previous fiscal.
In the July-December period of the current fiscal, its EPS grew by 24% to Tk0.61 compared to the previous fiscal's first half.
