ADBL 8th AGM on Baishakh 26; BoD offers 15.79% dividend; 6% cash for preferential shareholders
Sun, Apr 12, 2015 12:00 AM on AGM/Special AGM,
ShareSansar, April 12:
Agriculture Development Bank Limited (ADBL) will be holding its 8th AGM on Baishakh 26 at Army Officers Club, Bhadrakali at 11 am.
The AGM is expected to endorse the BoD’s proposal to offer 8.79% cash dividend and 7% stock dividend to ordinary shareholders and 6% cash dividend to preferential shareholders. Other agendas include financial highlight of 2070/71 and the appointment of auditor.
The book closure date for the AGM has been set for Baishakh 6 to Baishakh 26.
Agriculture Development Bank earned a net profit of Rs 1.52 billion in the fiscal year 2070/2071. Likewise, the bank posted a net profit of Rs. 534.53 million for the 2nd quarter of the fiscal year 2071/72.
ADB’s annualized earning per share of ordinary shares stands at Rs 21.34 and net worth per share at Rs 301.16 as of second quarter of fiscal year 2071/72.
