NIBL distributing cash dividend warrants from today
ShareSansar, December 27:
Nepal Investment Bank Limited, the commercial bank with the largest client base, is distributing cash dividend warrant to its shareholders from today.
The 27th AGM of Nepal Investment Bank held in Kathmandu yesterday had formally endorse 35 percent dividend – 25 percent cash and 10 percent bonus shares—to the shareholders from the net profit the bank posted in the last fiscal year 2069/70.
The dividend warrant is distributed through its RTS NIBL Capital Markets Limited at Lazimpat as per the serial number of the shareholders.
Serial numbers up to 2000 can get the dividend warrants from today till December 31. Serial numbers from 2001 to 4000 will get the warrants from January 1 to 3; those between serial numbers 4001 to 6000 will get it from January 4 to 6; those between 6001 to 8000 from January 7 to 9, and those between 8001 to 10,000 from January 10 to 12 and the rest will get the dividend warrants from January 16 onward.
The commercial bank with the largest number of account holders had earned a net profit of Rs 1.99 arba in the last fiscal year.
It may be noted here that it had distributed 30 percent dividend—25 percent bonus share and 5 percent cash – from the net profit it posted in the previous fiscal year of 2068/69.
NIBL had posted a net profit of Rs 1.31 arba in the fiscal year 2068/69.
It may be noted here that the bank had given an astounding 50 percent dividend – 25 percent bonus share and 25 percent cash in the fiscal year 2067/68.
Another important decision expected is that the AGM is due to endorse increment of NIBL’s authorized capital.