Agricultural Development Bank Announces 13% Dividend for FY 2078/79, 6% Cash Dividend Proposed for Preference Shareholders Too
Tue, Jan 10, 2023 10:42 AM on Dividend, Bonus & Rights, Latest,
Agricultural Development Bank Limited (ADBL) has proposed a 13% dividend for the fiscal year 2078/79.
The 1000th meeting of the Board of Directors (BoD) held on Poush 26 (today) decided to distribute the dividend on the paid-up capital maintained after FY 2078/79. 2% bonus shares and an 11% cash dividend have been proposed. Furthermore, the company has also decided to distribute a 6% cash dividend for Irredeemable Non-cumulative Preference Shares. The current paid-up capital of the bank is Rs. 13,187,915,200.
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, ADBL has an LTP of Rs. 346.
Dividend History:
