Mahalaxmi Bikas Bank Proposes to Distribute 7.48% Dividend of FY 2082/83; How Much is Bonus and Cash Dividend?

Mahalaxmi Bikas Bank Limited (MLBL) has proposed a 7.48% dividend for the fiscal year 2082/83.

The 657th meeting of the board of directors held on Kartik 20 has proposed a 7.48% dividend worth Rs. 33.74 Crores for the fiscal year 2082/83. 3.70% bonus shares worth Rs. 16.69 Crores and 3.78% cash dividends (for tax purposes) worth Rs. 17.05 Crores have been proposed. The company's existing paid-up capital is Rs. 4.51 Arba.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming 25th AGM.

As of writing, MLBL closed at Rs. 373.

Dividend History: