Doreen Power recommends 25% dividend

The sponsors and directors hold 96.17 million shares out of the total 144.39 million shares of the company

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File photo of BNP Chairperson Khaleda Zia <strong>Syed Zakir Hossain/Dhaka Tribune</strong>

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Doreen Power Generations and Systems Limited recommended a 12% stock dividend for all shareholders.

It also recommended a 13% cash dividend for shareholders excluding the sponsors and directors for the year ended on June 30, 2021. 

The sponsors and directors hold 96.17 million shares out of the total 144.39 million shares of the company.

The amount of cash dividend to be payable to the general shareholders is Tk6.26 crore, the company said in its filing with Dhaka Stock Exchange on Tuesday. 

Doreen Power also reported consolidated earnings per share (EPS) of Tk8.09 and consolidated net asset value (NAV) per share (with revaluation) of Tk48.41 for the year ended on June 30, 2021, as against Tk5.53 and Tk40.62 respectively for the same period of the previous year. 

The annual general meeting (AGM) of the company is scheduled to take place online on December 5.

Doreen Power Generations and Systems Limited made its debut on Dhaka Stock Exchange on April 6, 2016.

The closing price of its shares was Tk78.1 during Tuesday’s trade.

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