ICB declares record dividends on all funds
FE Report | Thursday, 31 July 2008
The Investment Corporation of Bangladesh (ICB) has declared dividends on its eight mutual funds as well as the Unit Fund.
The rates of dividends are 265 per cent for the First Mutual Fund, 75 per cent for Second, 65 per cent for Third, 60 per cent for Fourth, 45 per cent for Fifth, 30 per cent for Sixth, 30 per cent for Seventh and 25 per cent for the Eighth Mutual Fund while Tk 20 per unit on the Unit Fund for the year ended on June 30, 2008.
The rates of dividends are higher than the dividends paid in 2006-07. The dividends were approved at a fund-related meeting of the board of directors of the corporation held in the city Wednesday.
The rates of dividends for the year 2006-2007 were 240 per cent (190 per cent in cash and 50 per cent in stock) for the First Mutual Fund, 62 per cent for Second, 56 per cent for Third, 52 per cent for Fourth, 33 per cent for Fifth, 23 per cent for Sixth, 22 per cent for Seventh and 18 per cent for the Eighth Mutual Fund and Tk 13.00 per unit on the Unit Fund.
During 2007-2008, the distributable profit of the First Mutual Fund was Tk 47.389 million, Second Mutual Fund Tk 14.969 million, Third Mutual Fund Tk 22.112 million, Fourth Mutual Fund Tk 21.62 million, Fifth Mutual Fund Tk 15.121 million, Sixth Mutual Fund Tk 30.669 million, Seventh Mutual Fund Tk 21.269 million, Eighth Mutual Fund Tk 21.299 million and Ithe CB Unit Fund Tk 1.2019 billion.
The rates of dividends are 265 per cent for the First Mutual Fund, 75 per cent for Second, 65 per cent for Third, 60 per cent for Fourth, 45 per cent for Fifth, 30 per cent for Sixth, 30 per cent for Seventh and 25 per cent for the Eighth Mutual Fund while Tk 20 per unit on the Unit Fund for the year ended on June 30, 2008.
The rates of dividends are higher than the dividends paid in 2006-07. The dividends were approved at a fund-related meeting of the board of directors of the corporation held in the city Wednesday.
The rates of dividends for the year 2006-2007 were 240 per cent (190 per cent in cash and 50 per cent in stock) for the First Mutual Fund, 62 per cent for Second, 56 per cent for Third, 52 per cent for Fourth, 33 per cent for Fifth, 23 per cent for Sixth, 22 per cent for Seventh and 18 per cent for the Eighth Mutual Fund and Tk 13.00 per unit on the Unit Fund.
During 2007-2008, the distributable profit of the First Mutual Fund was Tk 47.389 million, Second Mutual Fund Tk 14.969 million, Third Mutual Fund Tk 22.112 million, Fourth Mutual Fund Tk 21.62 million, Fifth Mutual Fund Tk 15.121 million, Sixth Mutual Fund Tk 30.669 million, Seventh Mutual Fund Tk 21.269 million, Eighth Mutual Fund Tk 21.299 million and Ithe CB Unit Fund Tk 1.2019 billion.