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Dhaka Bank ups FY'16 cash dividend

Bangladesh-based Dhaka Bank Ltd. said June 12 that its board declared a cash dividend of 1 taka per share and a stock dividend of 5 shares for every 100 shares held, for the fiscal year ended Dec. 31, 2016.

For fiscal 2015, the bank paid out a cash dividend of 60 poisha and a stock dividend of 10 shares for every 100 held.

As of June 12, US$1 was equivalent to 80.58 Bangladeshi taka.