Kay & Que record date for dividend tomorrow, yet no approval from BSEC
On 10 October, the engineering sector firm recommended a 4% cash and 6% stock dividend for its shareholders for FY25
Kay & Que (Bangladesh) today (19 November) announced that it has not yet received approval from the Bangladesh Securities and Exchange Commission (BSEC) for its recommended stock dividend for the 2024-25 financial year – just a day before its record date.
The company earlier set 20 November as the record date to identify shareholders eligible for the declared dividend. Usually, trading of any listed company remains suspended on the record date.
On 10 October, the engineering sector firm recommended a 4% cash and 6% stock dividend for its shareholders for FY25. The recommended stock dividend was subject to approval of the BSEC.
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According to its annual disclosure, the company had reported 1,316% growth in its earnings per share (EPS) for FY25.
Its EPS grew to Tk9.49, which was Tk0.67 in the previous fiscal year, its disclosure read.
Regarding the growth in EPS, Kay & Que said that due to a significant increase in turnover compared with the last financial year, its profitability as well as earnings per share (EPS) significantly changed in FY25.
Not only is its annual profit, but the company continued the growth for the first quarter of the current fiscal year.
During Q1, its EPS grew to Tk2.75, which is 137% higher than Tk1.15 in the same time of the previous fiscal year, riding on an increase in sales turnover.
Today, Kay & Que's shares closed at Tk381.90 each, which was 5.53% higher than the previous trading sessions.
