Agricultural Development Bank announces 20% bonus shares; Ordinary paid up capital to reach Rs 8.49 arba

Agricultural Development Bank Limited (ADBL) has proposed dividend to its shareholders. As per the notice published by the bank today, the board meeting of the bank held on Poush 17 has announce to distribute 20% bonus shares and 1.053% cash dividend (for tax purpose) from the net profit of FY 2073/74. Moreover, it has also announce to distribute 6% cash dividend to the preference shareholders. The decision is subjected to the approval from the concerned authority and upcoming AGM. Its current ordinary paid up capital stands at Rs 7.08 arba. After 20% bonus shares distribution it will reach to Rs 8.49 arba. It had earned Rs 2.77 arba in the FY 2073/74. Its LTP stood at Rs 414 as of last trading day.