Dhaka, Bangladesh (BBN) – The board of directors of 8th ICB Mutual Fund has approved 200 percent cash dividend for the financial year (FY) 2015-2016, said an official disclosure on Thursday.
The record date for entitlement of cash dividend is on August 17, 2016.
The fund has also reported net income of BDT 87.13 million with earning per unit of BDT 17.43 for the period ended on June 30, 2016 as against BDT 86.31 million and BDT 17.26 respectively for same period of the previous year.
The net asset value (NAV) of BDT 47.36 at cost price and BDT 59.27 at market price basis as on June 30, 2016 and BDT 43.89 and BDT 71.89 respectively as on June 30, 2015.
The net operating cash flow per unit (NOCFPU) of BDT 16.83 for the year ended on June 30, 2016 as against BDT 8.89 for the same period of the previous year.
There will be no price limit on the trading of the units of the Fund today following its corporate declaration.
The mutual fund’s price hovered between BDT 73 and BDT 81.20, before closing at BDT 78.90 on Wednesday.
BBN/AD/SR