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DBH Finance Shareholders Approve 17% Dividend

Industry: Financial, NBFI
Company: DBH Finance PLC

Shareholders of DBH Finance have approved a 17% dividend for the year ending December 31, 2022, during the company’s 27th annual general meeting. The dividend consists of 15% cash and 2% stock. Despite this positive development, DBH Finance reported a 15.74% decline in profit year-on-year for the first quarter of 2023. Net profit in the January-March quarter reached Tk 26.12 crore, compared to Tk 31 crore in the same period last year. Earnings per share (EPS) also decreased from Tk 1.59 to Tk 1.34 for the respective quarters. However, the net asset value (NAV) per share increased to Tk 42.34 at the end of March 2023. DBH Finance is the only AAA-rated financial institution in Bangladesh and has recently obtained approval from the Bangladesh Bank to launch an Islamic financing wing.

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