Everest Bank AGM today endorsing 62.63% dividend, including 12% bonus share

ShareSansar, September 29:

Everest Bank Limited is holding its 20th annual general meeting (AGM) today.

The AGM of the bank being held at Lainchaur Banquet in Kathmandu will endorse 62.63 percent of dividend-which includes 12 percent bonus shares and 50.63 percent cash dividend- to its shareholders from the net profit it had earned in the last fiscal year 2071/72.

It may be noted that Everest Bank had announced its book closure from Bhadra 18.

The bank earned Rs 1.55 arba net profit in the last fiscal year 2070/71, a jump from the profit of Rs 1.47 arba in the corresponding period of the previous fiscal year 2069/70, according to the unaudited financial statement of the bank. Its EPS stands at Rs 86.04, P/E ratio 30.58 times while net worth per share is Rs 346.94.

The bank had distributed 60 percent dividend (10 percent bonus share and 50 percent cash) in the previous fiscal year 2069/70.