Global Heavy Chemicals fails to pay dividends for four consecutive years
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Global Heavy Chemicals, a company listed on the stock market, will not pay any dividends to shareholders for the 2025-26 fiscal year. The company's board of directors has declared a “no dividend” for the fiscal year. As a result, shareholders will have gone without dividends for four consecutive fiscal years.
The information was disclosed by the Dhaka Stock Exchange (DSE).
The company reported a loss of Tk 3.30 per share in the 2025-26 fiscal year. In the previous 2024-25 fiscal year, its loss was Tk 2.19 per share. This means the loss per share increased by Tk 1.11 in one year. As a result, the company's losses have widened further.
As of June 30, the company's net asset value per share (NAVPS) stood at Tk 68.60. The date of the annual general meeting (AGM) will be announced later to seek shareholders' approval for the declared dividend decision and other agenda items. November 29 has been set as the record date.
Earlier, the company's board of directors had also decided not to pay any dividends to shareholders for the 2024-25 fiscal year. Global Heavy Chemicals also reported losses that year. The company last paid a 2 percent cash dividend to shareholders in 2022.
According to information provided by the company, Global Heavy Chemicals has been incurring losses continuously since the 2021-22 fiscal year. As a result, its losses continue to grow while shareholders have been deprived of dividends for several consecutive years.
