Of the companies that have not announced any cash or dividend, 19 did not announce any dividend in the previous year as well, meaning they were already trading as junk stocks. But this year, 17 companies joined them as they looked to conserve cash and strengthen their balance sheet amid the pandemic. “For this reason, some news companies do not pay any dividend to shareholders. On the other hand, many companies could not pay dividends due to the incompetence of their directors,” he added. For this reason, some companies couldn’t pay any dividends to their shareholders.

Source: Dhaka Tribune November 29, 2020 18:22 UTC