Companies that cut dividend payments include ACI, ACI Formulations, Square Textiles, Summit Power, ACME Laboratories, Orion Pharma, Apex FootwearRetail investors have been one of the victims of the pandemic as listed companies cut back on their dividend payments to conserve cash in the wake of the Covid-19 crisis. Dhaka Tribune analysed data of cash dividend payouts of the listed companies whose financial year runs from July to June of 2018-19 and 2019-20 to gauge the impact of the pandemic. For the 2018-19 financial year, 45 companies had announced cash dividend upwards of 10 per cent, putting them in the ‘A’ category of shares. Last year, 19 of the 45 companies announced lesser dividends for their shareholders. Companies that cut dividend payments include ACI, ACI Formulations, Square Textiles, Summit Power, ACME Laboratories, Orion Pharma, Apex Footwear.

Source: Dhaka Tribune December 05, 2020 18:45 UTC