The Habib Group subsidiary had announced a 5 per cent stock dividend in each of the previous two financial yearsShareholders of Regent Textile Mills continue to see their earnings per share decline, with the sister concern of Regent Airways on Thursday announcing stock dividend for the third straight year. A stock dividend is a dividend payment to shareholders that is made in shares rather than as cash. Since it increases the pool of available stock shares in the company, the value of the existing shares is diluted. The Chittagong-based textile maker on Thursday announced a 1 per cent stock dividend for the 2019-20 financial year, which saw the company sink into losses for the first time in four years. The Habib Group subsidiary had announced a 5 per cent stock dividend in the previous two financial years, which run from June to July.

Source: Dhaka Tribune November 19, 2020 17:59 UTC