Dhaka, Bangladesh (BBN): The Board of Directors of the Investment Corporation of Bangladesh (ICB) on Monday approved dividends on its eight mutual funds and one unit fund for the last fiscal year that ended June 30, 2013.

The ICB declared 700 per cent dividend on the first mutual fund, while 375 per cent for the second, 240 per cent for the third and the fourth mutual fund, 200 per cent for the fifth, 105 per cent for the sixth, 120 per cent for the seventh and 110 per cent for the eighth mutual fund.

The state-run investment entity also announced BDT 36.50 dividend per unit on the unit fund for the year that ended on June 30, 2013.

BBN/BB/AD/29Jul-13-5.0pm (BST).