Business

Bata declares 100pc cash dividend


Published : 04 Jul 2022 09:25 PM

Bata Shoe Company (Bangladesh) Limited has recommended a 100 percent cash dividend for its shareholders for the year ended on December 31, 2021.

Out of 100 percent dividend, 25 percent is final and 75 percent an interim which was already paid.

The last closing price of the company’s share was Tk 922.80. Its consolidated NAV per share was Tk 252.33 during the period.

The dividend payout was recommended at a meeting of the company’s 50th Annual General Meeting held on June 30.

The meeting was presided over by the company’s Chairman Rajeev Gopalakrishnan.

At the meeting, the shareholders approved the audited financial statements and 100 percent cash dividend on paid-up capital.

Among other Directors, Anirban Asit Kumar Ghosh, vice chairman and managing director; Shaibal Sinha, director; KM Rezaul Hasanat, independent director, Rupali Chowdhury, independent director; Shambhu Nath Jha, finance director; and Hashim Reza, company secretary also attended the meeting.

In conclusion, the chairman conveyed his sincere thanks to the valued shareholders, customers, suppliers, employees, and the government for its continued support extended to the company.