ICB Unit Fund declares dividend

Published: 21:48, Aug 04,2020


The Investment Corporation of Bangladesh has declared dividends of the ICB Unit Fund for the financial year 2019-2020, said a press release.

The rate of dividend is Tk 40 per unit certificate of the ICB Unit Fund.

The dividend was approved by the board of directors of the corporation at its meeting held on July 29 with ICB chairman professor Mojib Uddin Ahmed in the chair.

ICB managing director Md Abul Hossain and directors were present at the meeting.

In FY2018-2019, the rate of dividend was Tk 41 per unit certificate of the ICB Unit Fund.

As on June 30, 2020, the total certificate holders of the lCB Unit Fund were 9,67,22,476.

The directors acknowledged with satisfaction that despite the huge challenges in the capital market, declaration of such dividend was possible due to the prudent, meticulous and effective management of portfolio of the fund.

— New Age

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