Civil Bank proposes 10.25% bonus share; paid up capital to reach Rs 8 arba
Tue, Jun 5, 2018 7:59 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Civil bank has send a notice to Nepal Stock Exchange, regarding a distribution of around Rs 74.40 crore as bonus share at the rate of 10.25% per share and around Rs 3.91 crore as cash dividend (for the tax purpose) at the rate of 0.56% per share, from profit of the fiscal year 2073/2074.
After bonus distribution the paid up capital of the bank will reach the minimum paid-up requirement of 8 arba, as set by NRB. Paid-Up capital of Civil bank currently stands at 7 arba 25.93 crore.
The Bank to distribute dividend after the final approval from annual general meeting (AGM) and from Nepal Rastra Bank (NRB). AGM date has not be finalized yet, we hope this news help civil bank to gain in its stock price.
LTP of Civil Bank stands at Rs 159.
