The banks will not be allowed to disburse more than 30% dividends among shareholders: 15% cash and 15% stocks, the central bank said in a notice on Monday. It is necessary to maintain the cash flow by strengthening the banks’ capital during the coronavirus pandemic, Bangladesh Bank said. The central bank also set some conditions on maximum dividends. The banks that had already announced dividends have been asked to postpone the announcements and readjust as per the ceiling. Shakil Rizvi, a stock market analyst, believes both the banks and the shareholders will benefit from the move in the long run.

Source: bd News24 May 11, 2020 15:06 UTC