Laxmi Bank announces 10% bonus shares; paid up to reach Rs 8.21 arba

- ShareSansar, October 22, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market

Laxmi Bank Limited (LBL) has announced dividend to its shareholders.

As per the notice published in NEPSE today, the Board meeting of the bank held on Kartik 1, 2074 has announced 10% bonus shares and 0.53% cash dividend (for tax purpose) to its shareholders from the net profit of FY 2073/74.

The decision is subjected to the approval from Nepal Rastra Bank and upcoming AGM.

From the net profit of FY 2072/73, it had distributed 18.29% bonus shares.

Its current paid up capital stands at Rs 7.47 arba. After 10% bonus shares, it will reach to Rs 8.21 arba.

It had earned Rs 1.10 arba in the fourth quarter of the FY 2073/74.

Its LTP stood at Rs 331 as of last trading day.