Dutch-Bangla Bank reported a historic profit in 2023, crossing the Tk800 crore milestone for the first time. The bank disclosed a remarkable profit of Tk801 crore, showcasing a remarkable 42% surge from the preceding year. Notably, its earnings per share escalated to Tk10.72 compared to Tk7.57 in the prior year. Reflecting its robust performance, the bank proposed a generous 17.50% cash dividend and a matching 17.50% stock dividend for its shareholders, marking the highest payout in the last three years. The bank’s annual general meeting, slated for 9 June, will deliberate on the dividend and audited financial statement, with the record date set for 9 May. The decision to declare stock dividends aims to bolster the paid-up capital and ensure compliance with Bangladesh Bank’s regulations, where the maximum dividend declaration is capped at 35%, with cash dividends not exceeding 17.50%.
Source for more details:
