DBH Finance proposes 17% dividend, reports Tk100cr profit

DBH Finance PLC has recommended a 17% dividend for its shareholders for 2024, comprising 15% in cash and 2% in stock for its shareholders for 2024.

Besides, it posted a net profit of Tk100 crore during the last year, which was 2.42% higher from the previous year.

Following the announcement through the Dhaka Stock Exchange (DSE) on Tuesday (6 May), its share price jumped by 2.04% to close at Tk34.80.

The non-bank financial institution (NBFI), which specialises in housing finance, will hold its annual general meeting on 19 June to approve the dividend and financial statements. The record date for shareholder eligibility has been set for 27 May, according to its disclosure.

At the end of the last year, its earnings per share (EPS) stood at Tk5.07, which was Tk4.95 in the previous year. The NBFI further stated that the net asset value (NAV) per share was Tk47.25 and the net operating cash flow per share of Tk0.38 negative.

Meanwhile, DBH Finance also published the financial statement for the first quarter of this year, where it reported that its net profit fell by 9.45% to Tk15.61 crore compared to the previous year at the same time. During the January-March quarter, its earnings per share was Tk0.78, which was Tk0.87 a year ago.

DBH Finance PLC, which started its operations in 1996, has registered commendable growth in creating homeownership in Dhaka and other major cities of the country.

The company got listed on the stock exchanges in 2008.

As of March 2025 shareholding report, out of the total shares, sponsor-directors hold 51.32% of the company's shares, institutional investors hold 27.47%, foreign shareholders 3.73%, and the general public 17.48%.