Shanta First Income Unit Fund announces 20.5% dividend
The Trustee of the Shanta First Income Unit Fund (SFIUF) declared 20.5% (Tk2.05 per unit) dividend for the Financial Year 2020-21 for its investors.
Earnings Per Unit (EPU) of the fund stood at Tk2.88, implying that the fund disbursed 71.2% of its earnings to its investors, said a press release.
Shanta Asset Management Limited (SAML) - the sponsor and the asset manager of the fund - informed that shareholders who held units on 30 June will be entitled to the declared dividend.
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The fund generated 62.5% return for the recently concluded fiscal year with the help of V-shape recovery of the capital market after the first lockdown in 2020.
During this fiscal year, DSE Broad Index (DSEX) jumped 54.2%.
