Dhaka Stock Exchange (DSE) has upgraded the shares of three companies from the Z category to the 'A' and 'B' categories, as they met the requirement of distributing of declared dividends to investors for three fiscal years.
The three companies are - Union Insurance, Shepherd Industries, and Advent Pharma Limited. These companies will trade in the 'A' and 'B' categories from tomorrow Tuesday (October 22).
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Union Insurance has been upgraded to the 'A' category, with a 10 percent cash dividend for the period ended in December 31, 2022. Shepherd Industries returned to the 'B' category with a cash dividend of 5 percent and Advent Pharma to the B category with a cash dividend of 2 percent.