ICB declares dividends on 8 mutual funds, one unit fund

The Investment Corporation of Bangladesh (ICB) yesterday declared dividends on its eight mutual funds and one unit fund for fiscal 2011-12.
The ICB declared 600 percent dividend on the first mutual fund, while 300 percent for the second, 200 percent for the third, 185 percent for the fourth, 170 percent for the fifth, 100 percent for the sixth, 110 percent for the seventh and 100 percent for the eighth mutual fund.
The state-run investment entity also announced Tk 32 dividend per unit on the unit fund for the year that ended on June 30, 2012.
The dividends were approved in a fund related meeting of the board of directors of the corporation held in Dhaka, the ICB said in a statement.
ICB Chairman SM Mahfuzur Rahman, Managing Director Md Fayekuzzaman and other senior officials were present at the meeting.
The statement also said the declared dividend for the first mutual fund is the highest among the dividends so far announced by the listed firms on the Dhaka and Chittagong stock exchanges.