IBN Sina declares highest-ever cash dividend

IBN Sina Pharmaceuticals has recommended a 47 percent cash dividend for its shareholders for the year ended on June 30, 2020.

This is the highest-ever cash dividend of the company since its enlistment on the stock market in 2009.

Last year the company shared a 38.5 percent cash dividend.

The dividend payout was recommended at the company's board of directors meeting recently.

However, final approval will come during the annual general meeting scheduled to be held on November 18, said the company in a filing with the Dhaka Stock Exchange on Wednesday.

IBN Sina reported EPS of Tk 15.66 and consolidated NAV per share of Tk 68.69 for the year.

The record date for the distribution of the declared dividend among the shareholders has been fixed as October 18.