BANGLADESH

The only mobile-phone operator on the stock exchange, GrameenPhone (GP), has declared another 65 percent cash dividend for 2011.

A GP source familiar with the company's financial details confirmed about the decision of the GP board of directors.

This announcement comes on top of a 140 percent dividend given earlier.

Also the largest telecom operator in Bangladesh, the company's board took the decision in a meeting on Tuesday evening, said the source who declined to be named as he was not authorised to speak to the media on the issue.

In July last year, GP declared the 140 percent interim cash dividend or Tk 14 per share of Tk 10 each for 2011 based on its half-yearly performance.

The interim dividend was much higher than that of 2010's 35 percent interim dividend and even higher than full year's 120 percent dividend of 2010.