Oimex Electrode declares 1% cash dividend for shareholders
The board of directors of Oimex Electrode Limited has recommended a 1% cash dividend for their shareholders, other than sponsors and directors, for the fiscal year 2021-22.
The decision has taken in a board meeting of the company on Sunday (5 February).
The sponsors and directors hold 20,133,184 shares out of a total of 67,084,781 shares of the company.
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General shareholders hold 46,951,597 shares and general shareholders will get a cash dividend of Tk4,695,159.
The company has made a loss per share of Tk1.65 and its net asset value per share stood at Tk11.72.
Oimex Electrode is a manufacturer of welding electrodes, galvanized iron wire, copper-coated welding wire, and iron nails.
The share price of the company has come down 11% to 16.20 after publishing the annual disclosure through stock exchanges.
