Chairman of the ICB Prof Dr Mojib Uddin Ahmed presiding over the meeting.
The Investment Corporation of Bangladesh (ICB) has declared dividends for eight closed-end mutual funds (MFs) and Unit Fund for the fiscal year (FY), 2014-15, officials said.
The corporation said that it had declared 'record' dividend for the First ICB MF.
According to ICB, the rates of dividends are 1000 per cent for First ICB MF, 450 per cent for Second ICB MF, 300 per cent for Third ICB MF, 300 per cent for Fourth ICB MF, 250 per cent for Fifth ICB MF, 120 per cent for Sixth ICB MF, 150 per cent for Seventh ICB MF, 140 per cent for Eighth MF and Tk 42.50 per unit of Tk 100 each of ICB Unit Fund.
The state-run corporation said that the dividends were approved by its board of directors at a meeting held on Thursday.
Chairman of ICB Prof Dr Mojib Uddin Ahmed presided over the meeting.
ICB managing director Md Fayekuzzaman and directors of the board were present at the meeting.
The rates of dividends for the FY 2013-14 were 800 per cent for First ICB MF, 400 per cent for Second ICB MF, 250 per cent for Second ICB MF, 250 per cent for Fourth ICB MF, 225 per cent for Fifth ICB MF, 110 per cent for Sixth ICB MF, 130 per cent for Seventh ICB MF, 120 per cent for Eighth ICB MF, and Tk 40 per unit of Tk 100 each of ICB Unit Fund.
The rates of dividends are Tk 28 for each unit of ICB AMCL Unit Fund, Tk 15 for each unit of ICB AMCL Pension Holders Unit Fund, Tk 10 for each unit of Bangladesh Fund and Tk 0.50 for each unit of ICB AMCL Converted First Unit Fund.
"The declaration of 1000 per cent dividend for First ICB MF is the highest ever of all the rates of dividends declared by any listed companies and MFs for the FY 2014-15," the ICB said.
The First ICB MF is the country's first closed-end MF which was floated in 1980. As on June 30, 2015, the number of certificate holders of ICB Unit Fund and eight other MFs is fifty thousand.
"The board of directors declared such attractive and record dividends despite big challenges and difficulties in the capital market especially during January-March quarter of 2014-15, because of prudent, meticulous and effective management of portfolios of the funds," the corporation added.
At Thursday's meeting, the board of the ICB expressed its gratitude to the ministry of finance (MoF), the central bank, the securities regulator, stock exchanges for their cooperation.
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