The company recommends 2.50% cash dividend only for general shareholders for FY20 ended on 30 June
Golden Son Ltd, an engineering company, recommends dividend to its general shareholders after three consecutive years.
Riding on this news published at the Dhaka Stock Exchange (DSE), Golden Son's share price jumped by 12% to Tk11.20 on Wednesday.
The company recommends 2.50% cash dividend only for general shareholders excluding sponsors and directors for Fiscal Year 2019-2020 ended on 30 June.
However, Golden Son posted a loss of Tk18 crore and loss per share was Tk1.05 in the last fiscal.
Besides, the company could not make profit for the last four consecutive fiscal years, but it has Tk81.21 crore as reserves and surplus, according to the DSE website.
The company set its Annual General Meeting (AGM) date on 31 December and the record date 15 December this year.
Golden Son has been listed on the DSE since 2007. Its share is now traded under the `Z' category. The paid-up capital of the company is Tk171.73 crore.
The company produces garment accessories, household items, screws, electric fans and plastic toys which sell in the local market.
Of the total shares, sponsors and directors of the company jointly hold 38.98% while institutional investors 18.91% and general investors 42.11% as on 31 October this year.