IPDC Finance Declares 5% Stock and Cash Dividend

Industry: NBFI, Stock Market
Company: IPDC Finance Limited
Company Intelligence Tag: Business Insights

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.

Source for more details:

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Tk2000 Crore Raised By 24 Firms Now In Z And B Categories

April 24, 2025

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

DSEX Falls 0.56% to 5,174 Amid BSEC Tension

March 10, 2025

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.

BHBFC Raises Housing Loan Interest Rates by 1%

March 10, 2025

The Bangladesh House Building Finance Corporation (BHBFC) has increased interest rates on all types of housing loans by 1%, effective from January 1, 2024. The new rates range from 8% to 10%, up from the previous 7% to 9%.

Doer Services’ Tk 5 Crore Fundraising Suspended by BSEC

January 16, 2025

The Bangladesh Securities and Exchange Commission (BSEC) has halted the Tk 5 crore fundraising by Doer Services Ltd following media reports on problematic client agreements and profitability. The regulator will form a committee with the Dhaka Stock Exchange (DSE) to investigate the issues.

Treasury Bond Trading on DSE Rises 55% in 2024

January 9, 2025

Trading in Treasury bonds on the Dhaka Stock Exchange (DSE) surged 55% year-on-year to Tk 1.31 billion last year, driven by higher interest rates and eased transaction processes through brokerage firms. Despite this growth, the market size has surpassed Tk 3 trillion, highlighting its potential.

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Tk2000 Crore Raised By 24 Firms Now In Z And B Categories

April 24, 2025

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

DSEX Falls 0.56% to 5,174 Amid BSEC Tension

March 10, 2025

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.

BHBFC Raises Housing Loan Interest Rates by 1%

March 10, 2025

The Bangladesh House Building Finance Corporation (BHBFC) has increased interest rates on all types of housing loans by 1%, effective from January 1, 2024. The new rates range from 8% to 10%, up from the previous 7% to 9%.

Doer Services’ Tk 5 Crore Fundraising Suspended by BSEC

January 16, 2025

The Bangladesh Securities and Exchange Commission (BSEC) has halted the Tk 5 crore fundraising by Doer Services Ltd following media reports on problematic client agreements and profitability. The regulator will form a committee with the Dhaka Stock Exchange (DSE) to investigate the issues.

Treasury Bond Trading on DSE Rises 55% in 2024

January 9, 2025

Trading in Treasury bonds on the Dhaka Stock Exchange (DSE) surged 55% year-on-year to Tk 1.31 billion last year, driven by higher interest rates and eased transaction processes through brokerage firms. Despite this growth, the market size has surpassed Tk 3 trillion, highlighting its potential.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here