Machhapuchchhre Bank proposes 15% dividend; Paid up capital to reach Rs 8.05 arba
- ShareSansar, October 22, 2017 on Featured , Latest , NEPSE News , Stock Market
Machhapuchchhre Bank Limited (MBL) has announced 15 percent dividend to its shareholders.
As per the notice published in NEPSE today, the 359th board meeting of the bank held on Kartik 2, 2074 has announced 9% bonus shares and 6% cash dividend including 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 its upcoming AGM.
Last year, MBL had issued 20.75% bonus share and 12% right shares to its shareholders.
Machhapuchchhre Bank had earned Rs 1.30 arba in the fourth quarter of the fiscal year 2073/74. MBL has proposed bonus on its current paid up capital of Rs 7.39 arba including its recently floated 12% right share. After issuance of 9% bonus share, its paid up capital will reach Rs 8.05 arba.