NMB Bank Proposes 7% Cash Dividend for FY 2082/83

NMB Bank Limited (NMB) has proposed a 7% dividend for the fiscal year 2082/83.

The bank’s 517th Board of Directors meeting held on Ashwin 21 decided to distribute a  a 7% cash dividend worth Rs. 1.34 arba including tax, based on the bank’s paid-up capital. The company currently has a paid-up capital of Rs. 19.28 arba. Similarly, 8.25 percent cash dividend worth Rs. 12.20 crores will be distributed for preference shares.

The proposed dividend will be distributed only after receiving approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting (AGM).

As of the time of writing, NMB’s Last Traded Price (LTP) stands at Rs. 255.20 .