ZCZC
BSS-49
BSEC-BANK-PROFIT
Banks to be allowed to declare highest 35% dividend for shareholders: BSEC
DHAKA, March 15, 2021 (BSS) – Banks will be allowed to declare a maximum
of 35 percent dividend instead of 30 percent for shareholders.
The decision has been taken at a meeting between the Bangladesh Bank (BB)
and Bangladesh Securities and Exchange Commission (BSEC) at BSEC Bhaban in
the city, said a press release.
As per the press release, the dividend limit of listed banks will be
increased and banks will be able to pay a maximum of 35 percent dividend
instead of 30 percent.
To this end, BB will take necessary steps, the release added.
According to the earlier circular issued by Bangladesh Bank, a bank could
declare a maximum dividend of 30 percent.
Of this, 15 percent was cash and 15 percent bonus dividend.
BSS/PR/KUC/FI/ 1950 hrs