Civil Bank to distribute dividend warrants from Sunday

ShareSansar, January 17:

Civil Bank Limited will start distributing its cash dividend warrants to the shareholders from Sunday.

The dividend warrants could be collected from the bank’s RTS Civil Capital Market Limited, Kamaladi from 10:00 AM to 2:00 PM from Sunday through Thursday, and from 10:00 AM to 1:00 PM on Friday, according to a notice issued by the bank today.

Civil Bank Limited’s third Annual General Meeting held earlier in January had endorsed 5.7 percent cash dividend to the shareholders from the net profit the young commercial bank posted in the last fiscal year 2069/70.

Civil Bank had posted a net profit of Rs.12.12 crore in the last fiscal year 2069/70. Its EPS (annualized) stands at Rs 2.49 and net worth per share at Rs 108.28.

The bank, which is entering into a merger with Axis Development Bank and Civil Merchant Finance Company, is expected to offer much better dividend from the current fiscal year.
 
Since October Nepal Stock Exchange Limited has suspended the trading of the shares of Civil Bank Limited, Civil Merchant and Axis Development Bank for the merger.