The trustee committee of the Prime Finance First Mutual Fund has approved 8.50 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday.
The record date for entitlement of dividend is on February 22.
The fund has also reported earnings per unit (EPU) of Tk. 1.17, net asset value (NAV) per unit of Tk 17.61 at cost price basis, NAV per unit of Tk. 13.28 at market price basis and net operating cash flow per unit (NOCFPU) was Tk. 0.25 for the year ended on December 31, 2017 as against Tk. 0.71, Tk. 16.54, Tk. 11.82 and Tk. 0.17 respectively for the same period of the previous year.
There will be no price limit on the trading of the units of the fund today (Thursday) following its corporate declaration.
In 2016, the fund disbursed 6.0 per cent cash dividend.
Each unit of the mutual fund, which was listed on the Dhaka bourse in 2009, closed at Tk 14.30 on Wednesday at Dhaka Stock Exchange (DSE).
The sponsor-directors own 2.0 per cent stake in the fund, while institutional investors own 21.29 per cent, foreign 0.01 per cent and the general public 76.70 per cent as on December 28, 2017, the DSE data shows.