Green Development Bank (GRDBL) Revises Dividend; Proposes 4% Dividend for FY 2076/77

Green Development Bank Limited (GRDBL) has proposed a 4% dividend. This is the dividend distributed for the fiscal year 2076/77. This is also the company's first dividend after being public. 

The 154th meeting of the board of directors held on Magh 28 has decided to distribute 3.8% bonus shares and 0.2% cash dividend (for tax purposes) from the paid-up capital. The bonus shares are partly distributed from the company's share premium and the distributable profit of the fiscal year 2076/77.

Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.

The company had previously proposed a 5.1% dividend for the fiscal year 2076/77. The 153rd meeting of the board of directors held on Poush 28 had decided to distribute 4.845% bonus shares and 0.255% cash dividend (for tax purposes) from the paid-up capital. 

As of writing, the company's LTP stands at Rs. 174 per share.