Green Development Bank (GRDBL) Proposes 4% Dividend for FY 2078/79; How much in Bonus shares and Cash?
Mon, Apr 10, 2023 11:15 AM on Latest, Dividend, Bonus & Rights,
Green Development Bank Limited (GRDBL) has proposed a 4% dividend for the fiscal year 2078/79.
The 191st meeting of the board of directors held on Chaitra 26 has decided to distribute 3.80% bonus shares and 0.20% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 51.90 crores, the bonus shares are worth Rs. 1,97,22,000 and the cash dividend is worth Rs. 10,38,000.
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. 237.
The previous dividend distribution made by the company was a 5.1% dividend for the fiscal year 2076/77.
