The Bangladesh Securities and Exchange Commission (BSEC) has approved the 9% stock dividend declared by the listed company CVO Petrochemical Refinery PLC.

On Monday (8 December), BSEC informed the company of this approval through an official letter, according to company sources.

Earlier, in the board meeting of CVO Petrochemical Refinery held on 27 September, after reviewing and approving the audited financial statements for the latest fiscal year, the board declared a 20% dividend for shareholders 11% cash and 9% stock (bonus).

As per regulations, whenever a company declares a bonus or stock dividend, it must apply to BSEC explaining its rationale. The dividend can only be distributed after BSEC grants approval.

The record date for determining eligibility to receive the bonus shares has been set for 17 December. Shareholders who hold shares of the company on that date will be considered eligible for the bonus shares.

According to the audited financial statements, the company’s earnings per share (EPS) for the latest year stood at Tk 3.82, up from Tk 2.34 in the previous year.

During the reporting year, the company’s cash flow per share was Tk 7.65, compared to Tk 2.77 the year before.

As of 30 June 2025, the company’s net asset value per share (NAVPS) stood at Tk 30.29 (including revaluation).

The company’s Annual General Meeting (AGM) will be held in hybrid format on 10 December at 11:00 AM. The record date for the AGM was earlier set on 30 October.