VIPB Asset Management Company has announced 13 per cent and 14 per cent cash dividend for Southeast Bank 1st Mutual Fund and NLI First Mutual Fund respectively for the financial year 2017-18.
The audited financial reports of both of the mutual funds (MFs) were reviewed and approved in the trustee committee meeting on July 24, 2018, a statement said.
Southeast Bank 1st Mutual Fund made a profit of Tk 141 million. Its earning per unit was Tk 1.41. NLI First Mutual Fund made a profit of Tk 82 million and its earnings per unit was Tk 1.63.
The dividend record date for both the funds is on August 14, 2018.
Initially the dividend will be sent to the unit holders via Bangladesh Electronic Fund Transfer Network (BEFTN).
Later cheques will be issued for those who won't receive the dividend via BEFTN.
The unit-holders would be able to collect the cheques from the office of VIPB Asset Management. The dividend of margin category unit holders will be sent to their respective DPs.