Gaumukhee Bikas Bank announces 21% stock dividend; Paid up to reach Rs 5.43 crore

Gaumukhee Bikas Bank Limited (GABL) has decided to distribute 21 percent bonus share and 1.11 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Mangsir19 has proposed 21 percent bonus share 1.11percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, GaumukhiBikas Bank had distributed percent 8% bonus share and 4 percent cash dividend to their shareholders The current paid up capital of GABL is Rs 4.49 crore. After the 21% stock dividend the paid up capital will reach to Rs. 5.43 crore.