Dulamia Cotton declares dividend after decades
Dulamia Cotton Spinning Mills Limited has declared a cash dividend for the first time in decades, recommending a 3% cash dividend for general shareholders, excluding sponsors and directors, for the financial year that ended on 30 June 2025.
The company's board of directors announced the decision today (29 September) through the Dhaka Stock Exchange (DSE).
The annual general meeting (AGM) will be held on 3 December 2025. The record date has been set for 23 October.
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The company is owned by Abdul Awal Mintoo, chairman of National Bank and also BNP-backed business leader.
For FY25, Dulamia Cotton reported an earnings per share (EPS) of Tk0.25, compared to a loss per share of Tk0.88 in FY24.
The company's net asset value (NAV) per share stood at Tk39.83, while its net operating cash flow per share (NOCFPS) was Tk0.41, improving from Tk0.40 in the previous year.
The long-awaited dividend declaration boosted investor sentiment, with Dulamia Cotton's share price climbing 3.79% to Tk 145 during today's early trading session at the DSE.
