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Islami Bank Bangladesh lowers FY'16 dividend


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Islami Bank Bangladesh lowers FY'16 dividend

Islami Bank Bangladesh Ltd. lowered its proposed dividend for the year ended Dec. 31, 2016.

The bank said March 30 that its board recommended a 10% cash dividend, down from 20% for 2015.

The record date for the dividend is April 23. The dividend payment is subject to shareholder approval.