Corporate Development Bank Declares 5.26% Dividend Worth Rs. 2.63 Crores for the Fiscal Year 2078/79
Thu, Jan 12, 2023 11:00 AM on Latest, Dividend, Bonus & Rights,
Corporate Development Bank Limited (CORBL) has proposed a 5.26% dividend worth Rs. 2.63 crores for the fiscal year 2078/79.
The board of directors meeting held on Poush 26 decided to distribute the dividend on the paid-up capital of Rs. 50 Crores. 5% bonus shares worth Rs 2.5 crores and a 0.26% cash dividend (for tax purposes) worth Rs 13.15 lakhs have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, CORBL has an LTP of Rs. 330.
