IPDC Finance – one of the leading non-bank financial institutions in the country – will pay a 12% cash dividend to its shareholders for the year ending 31 December, 2020.
The decision came at its board meeting on Wednesday.
To approve the dividend, its audited report and other agenda items, the company will hold an annual general meeting (AGM) on 4 April, 2021 using a digital platform.
The record date has been set for 11 March.
At the end of last year, the financial institution posted earnings per share of Tk1.90, which was 10% higher than the previous year.
Last year, its net asset value per share stood at Tk16.34 and net operating cash flow was Tk20.58.
The paid-up capital of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2006, is Tk371.09 crore.
Sponsors and directors hold 48.04%, government 21.88%, institutional investors 16.26%, foreign investors 2.80%, and general investors 11.02% of the company's shares.
At the end of Wednesday's trading session, its shares' closing price was Tk26.80 each at the DSE.