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DBH Finance PLC, a housing finance institution, has proposed a 17 per cent dividend for 2024.
The company’s Board of Directors, following a recent meeting, recommended a dividend payout comprising 15 per cent in cash and two per cent in stock, reports UNB.
This proposal is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM) scheduled for June 19.
The financial results for 2024 indicate a positive trajectory for DBH Finance. The company reported a Net Profit After Tax of Tk 100.85 crore, marking a 2.45 per cent increase from the Tk. 98.44 crore recorded in 2023.
Furthermore, the company witnessed a 15 per cent growth in loan disbursement and a 12 per cent expansion of its core deposit portfolio compared to the previous year.
Key financial indicators also showed improvement. The Earnings Per Share (EPS) rose to Tk 5.07 from Tk 4.95, and the Net Asset Value (NAV) per share increased to Tk 47.25 from Tk 43.63 compared to the preceding year.
As of December 2024, DBH Finance maintained a robust Capital Adequacy Ratio (CAR) of 30.46 per cent, and its Return on Equity (ROE) for the year stood at 11.15 per cent.