Garima Bikas Bank proposes 17% dividend; Paid up capital to reach Rs 3.23 arba after bonus adjustment
Fri, Nov 1, 2019 10:42 AM on Dividend, Bonus & Rights, Stock Market, Latest,
Garima Bikas Bank Limited (GBBL) has announced 17% dividend for its shareholders for the FY 2075/76.
As per the notice published in NEPSE, the development bank will be distributing 16.15% bonus shares worth Rs 45.03 crore and 0.85% cash dividend for taxes purpose.
The decision is subject to approval from Nepal Rastra Bank and upcoming AGM of the development bank.
The existing paid up capital of Garima Bikas Bank is Rs 2.78 arba. After the adjustment of the bonus shares, the paid up capital of the company will reach Rs 3.23 arba.
The last trading price of Garima Bikas Bank Limited is Rs 219 traded on Kartik 7 and based on this price its dividend yield is 7.76%.
The dividend history of Garima Bikas Bank is as follows:
