IPDC Finance Limited announced a 5% cash dividend and 5% stock dividend for its shareholders for the fiscal year ending on December 31, 2023, compared to a 10% cash dividend the previous year. The dividend recommendation came from the company’s board of directors meeting. The stock dividend aims to support operational cash requirements and portfolio growth, utilizing retained earnings. Final approval will be sought during a virtual annual general meeting scheduled for May 16, with a record date set for April 24. The company reported an EPS of Tk0.92, marking a 62% decrease from the previous year, due to increased interest payments and reduced income from various sources including investments and commissions; hence lower cash dividends this year. The NBFI industry faced challenges in 2023 due to increased interest payments amidst limitations on charging borrowers more, exacerbated by downturns in the capital market.
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