Lovello recommends 11% dividend

Lovello made its debut on Dhaka Stock Exchange on February 10, 2021

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

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Lovello, formally known as Taufika Foods and Lovello Ice-cream PLC, has recommended an 11% cash dividend for the year ended on June 30, 2021. 

In a filing with Dhaka Stock Exchange on Tuesday, the company reported earnings per share (EPS) of Tk1.41 and net asset value (NAV) per share of Tk12.57 for the year ended on June 30, 2021, as against Tk1.31 and Tk12.75 respectively for the same period of the previous year.

The annual general meeting (AGM) of the company is scheduled to take place on December 28, 2021, via a digital platform. 

Lovello made its debut on Dhaka Stock Exchange on February 10, 2021. Its closing price was Tk34.3 during Tuesday’s trade.

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