Excel Development Bank (EDBL) Proposes 12.63% Dividend for FY 2076/77

Excel Development Bank Limited (EDBL) has proposed 12.63% dividend. This is the dividend distributed for the fiscal year 2076/77.

The 253rd meeting of the board of directors held on Chaitra 26 has decided to distribute 12% bonus shares and 0.63% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 81,11,21,224.72, the bonus shares are worth Rs. 9,73,34,546.97 and the cash dividend amounts to Rs. 51,22,870.89.

Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.

As of writing, the company's LTP stands at Rs. 512 per share.