DividendIPDC
IPDC 77% Stock Dividend
Announcement summary
- What happened
- IPDC published a dividend disclosure.
- Dividend type
- Stock
- Dividend percentage
- 77%
- Company
- IPDC Finance PLC.
- Announcement published
Original announcement
(Continuation news of IPDC): informed that reason for declaration of stock dividend is follows: i) The Company has been achieving strong balance sheet growth where Loans, Advance and Lease has increased by 77%, 29% and 14% in the year 2017, 2018 and 2019 respectively. The Company plans to continue similar growth momentum in the future. As a result, the board believes it is prudent to conserve capital in order to fund future business expansions. Thus, the Board has proposed to declare 5% Stock (cont.2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b0000400575d2
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from IPDC
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.