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ICB declares dividends on MFs

The Investment Corporation of Bangladesh has declared dividends on its mutual funds for the last fiscal year.

According to the Dhaka Stock Exchange web site, the 1st ICB Mutual Fund declared 500 per cent dividend, while the 2nd ICB Mutual Fund 250 per cent, the 3rd ICB Mutual Fund 185 per cent, the 4th ICB Mutual Fund 165 per cent, the 5th ICB Mutual Fund 135 per cent, the 6th ICB Mutual Fund 90 per cent, the 7th ICB Mutual Fund 95 per cent and the 8th ICB Mutual Fund declared 90 per cent dividends.

The ICB 1st NRB Mutual Fund declared 36 per cent dividend, while the ICB 2nd NRB Mutual Fund 12.5 per cent and the ICB 3rd NRB Mutual Fund declared 10 per cent dividends.

ICB Employees Provident Mutual Fund – 1 declared 12 per cent dividend, the ICB MMCL 1st Mutual Fund 55 per cent, the ICB MMCL 2nd Mutual Fund 14 per cent and ICB Islami Mutual Fund 36 per cent.

Source : New Age