Shanta First Income Unit Fund declares 10pc dividend

Shanta First Income Unit Fund has announced a 10 per cent, or Tk 1 per unit, dividend for the fiscal year that ended on June 30, 2022.

Earnings Per Unit (EPU) of the fund stood at Tk 1.14, implying that the fund has disbursed 87.7 per cent of its earnings to its valued investors, a press release said.

Tap here to add The Daily Star as a trusted source

Now they can opt for the dividend as cash or reinvest the dividend by purchasing units of the fund for further growth.

Shanta Asset Management Ltd, a sponsor and asset manager of the fund, stipulates that only the shareholders who have held units on June 30, 2022 will be entitled to for the dividend.

"Despite a challenging year, with a market return of only 3.7 per cent in FY2021-22, we are delighted to declare a decent dividend for our esteemed investors," said Mohammad Emran Hasan, chief executive officer of Shanta Asset Management.