Sonali Aansh declares 100pc stock dividend

Business Desk :
Sonali Aansh Industries, a publicly listed exporter of jute products, has once again declared a 100% stock dividend for the fiscal 2022-23, after securing approval from the Bangladesh Securities and Exchange Commission (BSEC).

In the previous 2021-22 fiscal, the company had paid the same stock dividend to its shareholders.

Md Habibur Rahman, company secretary at Sonali Aansh, told The Business Standard, “With the BSEC’s nod, we declared the stock dividend to increase our paid-up capital.”

The company’s profit grew 97% year-on-year to Tk2.09 crore in FY23. Hence, it declared a 110% dividend – 100% stock and 10% cash, according to the company’s price sensitive information. The company’s diluted earnings per share stood at Tk3.86 in FY23.