Fortune Shoes recommends 15% dividend

Fortune Shoes Limited recommended 10% cash and 5% stock dividend for the year ended on June 30, 2021. 

The company’s annual general meeting (AGM) is scheduled to take place on December 9, 2021, according to its filing with Dhaka Stock Exchange on Tuesday. 

It also said that such stock dividends shall be subject to the approval of the Bangladesh Securities and Exchange Commission (BSEC). 

The company will inform the record date for entitlement of stock dividend after getting approval from BSEC. 

In its filing, the company reported earnings per share (EPS) of Tk1.59 and net asset value (NAV) per share of Tk14.24 for the year ended on June 30, 2021, as against Tk0.80 and Tk13.63 respectively for the same period of the previous year. (cont.2)

The board of Fortune Shoes also decided to invest in Fortune Gallery Ltd to hold 49% of its shares, subject to approval by the shareholders in the upcoming AGM of the company, the filing further says. 

Fortune Shoes debuted on Dhaka Stock Exchange on October 20, 2016. Its closing price was Tk96.1 during Tuesday’s trade.

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