Vanguard announces 15pc cash dividend | The Daily Star
12:00 AM, May 11, 2021 / LAST MODIFIED: 12:30 AM, May 11, 2021

Vanguard announces 15pc cash dividend

While the DSEX, the Dhaka Stock Exchange's benchmark index, witnessed its lowest level in nearly seven years since January 2013, Vanguard Asset Management managed an open-end mutual fund showcasing noteworthy performance even amidst the pandemic. 

The Vanguard AML Growth Fund declared a 15 per cent (1.50 per unit) cash dividend for the year ending on March 31, 2021, which is 53.20 per cent of the realised earnings, says a press release.

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"We put investors' interest above everything else in managing funds," said Managing Director and CEO Waqar Ahmad Choudhury. 

"We are very happy to declare the cash dividend for our investors who always keep their faith on our fund management process," he added.

Choudhury urged the institutional investors to come forward and participate in Vanguard AML Growth Fund.

It is an open-ended fund that was launched for long-term capital appreciation and generating return from the money market.  

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