Everest Bank proposes 25% dividend for FY 2075/76; Paid up capital to reach Rs 8.47 arba after bonus adjustment
Mon, Oct 14, 2019 11:11 AM on Dividend, Bonus & Rights, Stock Market, Latest,
Everest Bank Limited (EBL) has proposed 25% dividend to its shareholders for the FY 2075/76.
The 310th Board meeting of the bank held on Ashwin 26, 2076 had come to this decision. The breakdown of proposed dividend is as follows:
Paid-up capital: Rs 8.066 arba
Bonus share: 5% worth Rs 0.403 arba
Cash dividend: 20% worth Rs 1.613 arba
Total: 25% worth Rs 2.016 arba
The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank. Post the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 8.47 arba.
As on Q4 of FY 2075/76, Everest Bank had earned net profit of Rs 3.04 arba with Rs 2.18 arba as distributable profit. Similarly, the EPS of the bank stood at Rs 37.95 and the net worth per share stood at Rs 218.69.
The last trading price of Everest Bank is Rs 574 traded on Ashwin 23 and based on Ashwin 23 price its dividend yield is 4.35%.
The dividend history of Everest Bank is as follows:
.png)
