The dividend was okayed at the 26th annual general meeting of the company held in Dhaka on Wednesday, says a press release.

Chairman of the company Mohammad A Harris Chowdhury, who is also political secretary to the prime minister, presided over the meeting.

The shareholders reviewed the activities of the company including its development programmes and approved the audited accounts for the year 2003.

Suhel Ahmed Chowdhury was re-nominated director of the company to represent Sadharan Bima Corporation and Ziaul Hoque Khondker was re-nominated director of NTCL to represent Investment Corporation of Bangladesh on behalf of the "B" class shareholders.