ICB declares highest-ever dividend, unit-holders to get 40 per cent

FE Report | Published: July 28, 2014 00:00:00 | Updated: November 30, 2025 06:01:00

The Board of Directors of the Investment Corporation of Bangladesh (ICB) has approved dividends between the range of 110 per cent to 800 per cent for its eight mutual funds for the last fiscal year that ended on June 30, 2014.
The state-run investment company announced 800 per cent dividends on its first mutual fund, the highest in the history of capital market.
The ICB also announced Tk 40 dividend per unit on the ICB unit fund for the year ended on June 30, 2014. In 2013 it was Tk 36.50.
The approval came at the ICB board meeting held Sunday at its board room presided over by chairman of the ICB Professor S M Mahfuzur Rahman while managing director Md Fayekuzzaman and other board members were present.
The entire dividends were higher than the disbursed amount of last year.
The approved dividends on ICB Mutual Funds for the fiscal year 2013-2014 are as follows: The First ICB Mutual Fund 800 per cent dividend, while the second ICB Mutual Fund 400 per cent, the third ICB Mutual Fund 250 per cent, the fourth ICB Mutual Fund 250 per cent, the fifth ICB Mutual Fund 225 per cent, the Sixth ICB Mutual Fund 110 per cent, the Seventh ICB Mutual Fund 130 per cent and the eighth ICB Mutual Fund 120 per cent dividends.
The record date for entitlement of dividend of ICB Mutual Funds will be 12 August, 2014, according to a press release.