Excel Development Bank proposes 18% dividend for FY 2075/76; Paid-up capital to reach Rs 81.18 crore
Sun, Feb 2, 2020 11:20 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Excel Development Bank Limited (EDBL) has proposed 18% dividend for its shareholders from the accumulated profit till 2075/76.
The 231st Board Meeting held on Magh 18, 2076 has decided to propose following dividend:
Current paid-up capital: Rs 69.26 crore
Bonus shares: 17.10% worth Rs 11.84 crore
Cash dividend: 0.90% worth Rs 62.34 lakh
Paid-up capital after adjustment of bonus shares: Rs 81.10 crore
The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank.
The dividend history of EDBL is:
.png)
