Nine MFs approve cash dividend up to 12pc

Trustee committees of nine closed-end mutual funds (MFs) have approved cash dividend ranging between 2.0 per cent to 12 per cent for the year ended on June 30, 2017.

Two listed companies have also recommended cash and bonus dividend for the year ended on June 30, 2017.

Among the MFs, the trustee committee of ICB AMCL Sonali Bank Limited 1st Mutual Fund has approved 7.50 per cent cash dividend against same amount of cash dividend disbursed in previous year.

As per approval, IFIL Islamic Mutual Fund-1 will disburse 9.0 per cent cash dividend against 10 per cent cash dividend approved in last year.

Trustee committee of ICB AMCL Third NRB Mutual Fund has approved 5.0 per cent cash dividend against 5.0 per cent cash of previous year.

Trustee committee of Phoenix Finance 1st Mutual Fund has approved 5.0 per cent cash dividend against same amount of cash dividend approved in previous year.

Prime Bank 1st ICB AMCL Mutual Fund will disburse 7.0 per cent cash dividend for the year ended on June 30, 2017. The fund disbursed same amount of cash dividend in last year.

Trustee committee of ICB Employees Provident MF 1: Scheme 1 has approved 6.50 per cent cash dividend against 6.0 per cent cash dividend disbursed in last year.

ICB AMCL Second Mutual Fund will disburse 6.0 per cent cash dividend against 5.0 per cent cash dividend disbursed in previous year.

ICB AMCL 2nd NRB Mutual Fund will disburse 12 per cent cash against 10 per cent cash dividend disbursed previous year.

Trustee committee of CAPM BDBL Mutual Fund 01 has approved 2.0 per cent cash dividend for the year ended on June 30, 2017.

BSRM Steels has recommended 15 per cent cash dividend for the year ended on June 30, 2017. The company's total dividend will be 35 per cent including 20 per cent interim cash dividend.

Bangladesh Steel Re-Rolling Mills has recommended 10 per cent bonus dividend and the amount of total dividend will be 20 per cent including 10 per cent interim cash dividend.

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