UCB, IFIC get nod to issue stock dividend

United Commercial Bank Ltd and IFIC Bank PLC have received consent from the Bangladesh Securities and Exchange Commission (BSEC) to declare stock dividends for the year that ended on December 31.

In a post on the Dhaka Stock Exchange yesterday, UCB said the commission has accorded its consent for the bank's declaration of 5 per cent stock dividend for 2022.

Tap here to add The Daily Star as a trusted source

In another filing, IFIC said it has received permission from the regulator to raise its paid-up capital by issuing a 2.50 per cent stock dividend for the last financial year.

Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock.