IDLC declares 20% dividend

IDLC Finance Limited has recommended 15-percent cash and 5 percent stock dividends for its shareholders for the year ended on December 31, 2021.

The dividend payout was recommended at the company’s board of directors meeting.

However, final approval regarding the dividends will come during the Annual General Meeting (AGM) scheduled for March 29, 2022 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Tuesday.

The company has reported EPS of Tk 5.34 and consolidated NAV per share of Tk 42.41 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as March 8, 2022.

There will be no price limit on the trading of the shares of the Company today (February 15) following its corporate declaration.