Two cos, 15 mutual funds recommend dividends

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FE Team | Published: August 10, 2019 21:08:43

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FE Report
Two companies and 15 mutual funds have recommended dividends in last week for the year ended on June 30, 2019.
The companies and mutual funds have recommended dividends ranging between 4.0 per cent and 130 per cent.
Of the companies, the United Power Generation & Distribution Company has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019. The company disbursed 90 per cent cash dividend in the previous year.
For the fiscal year 2018-19, Fareast Islami Life Insurance Company recommended 20 per cent cash dividend against 25 per cent cash dividend disbursed in the previous year.
The trustee committee of the CAPM BDBL Mutual Fund 01 has recommended 5.0 per cent cash dividend for 2019 against 7.0 per cent cash dividend distributed in previous year.
Of other mutual funds, CAPM IBBL Islamic Mutual Fund recommended 8.0 per cent cash, SEML IBBL Shariah Fund 5.0 per cent cash, SEML FBLSL Growth Fund 5.0 per cent cash, and SEML Lecture Equity Management Fund 5.0 per cent cash for the year ended on June 30, 2019.
Reliance One, Grameen One: Scheme Two, ICB AMCL Second Mutual Fund, ICB Employees Provident Mutual Fund One, Prime Bank 1st ICB AMCL Mutual Fund and Prime Finance First Mutual Fund have recommended cash dividend ranging from 4.0 per cent to 10 per cent.
ICB AMCL Third NRB Mutual Fund has recommended 4.0 per cent cash, IFIL Islamic Mutual Fund-1 6.0 per cent cash, 6 ICB AMCL Sonali Bank Limited 1st Mutual Fund 6.0 per cent cash and ICB AMCL First Agrani Bank Mutual Fund 5.0 per cent cash.
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