Two mutual funds declare 13pc, 13.5pc dividends
The trustee board of two funds of the Capital & Asset Portfolio Management (CAPM) Company yesterday announced dividends for unitholders for the year ending on June 30, 2021.
For CAPM BDBL Mutual Fund 1, it approved 13 per cent cash dividend for each unit of Tk 10.
The net asset value (NAV) stands at Tk 59.40 crore on the basis of cost price and Tk 59.18 crore on the basis of market price at the close of operations on the last day of the financial year.
The NAV per unit at cost price and market price are Tk 11.85 and Tk 11.81 respectively. The net profit is Tk 12.09 crore with earnings of Tk 2.41 per unit.
For CAPM IBBL Islamic Mutual Fund, it approved 13.5 per cent cash dividend for each unit of Tk 10.
The NAV stands at Tk 77. 71 crore on the basis of cost price and Tk 80 crore on the basis of market price.
The NAV per unit at cost price and market price are Tk 11.62 and Tk 11.97 respectively. The net profit is Tk 12.62 crore with earnings of Tk 1.89 per unit.
The board gave the approvals, alongside that for accounts and audit reports, at a meeting yesterday.