Green Development Bank Limited (GRDBL) has proposed a 5.1% dividend for the fiscal year 2076/77. This is the company's first dividend after being public.
The 153rd meeting of the board of directors held on Poush 28 has decided to distribute 4.845% bonus shares and 0.255% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 50 crores, the bonus shares are worth Rs. 2,42,25,000 and the cash dividend is worth Rs. 12,75,000.
Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM. As of writing, the company's LTP stands at Rs. 158 per share.