IDLC Finance has approved 15 per cent cash and 5 per cent stock dividends for 2021 at its 37th annual general meeting held virtually in compliance with directives of the Bangladesh Securities and Exchange Commission.
In line with the directives of Bangladesh Bank, the IDLC board on Tuesday placed the proposal of dividend at the AGM, which shareholders approved, according to a statement.
During this event, it was discussed that, despite the ongoing pandemic and extremely challenging market conditions, IDLC continued to be the frontrunner in the financial sector, displaying resilient performance in 2021 due to a strong governance framework and commitment to a customer-centric approach, it said.
The non-banking financial institution logged Tk 2,116 million in net profit in 2021.
