Himalayan Bank offers 15% bonus shares, 6.05% cash dividend

ShareSansar, October 27:

Here is a news to cheer for the investors of Himalayan Bank Ltd: the bank has announced 21.05 percent dividend to its shareholders.

According to a disclosure posted by Nepse in its website today, the bank has offered 15 percent bonus shares and 6.0526 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2070/71.

The meeting of the board of directors (BoD) held on October 26 decided to propose the distribution of 21.05 percent dividend to their shareholders.

The proposed dividend offer is, however, subject to the approval of Nepal Rastra Bank (NRB) and the bank’s upcoming 22th annual general meeting.

Himalayan Bank Ltd is one of the eight commercial banks out of 30 whose net profit crossed a billion in the last fiscal year.

Himalayan Bank has achieved the net profit of Rs 1.1 arba in the last fiscal year, up from Rs 94.37 crore in the corresponding period of the previous fiscal year 2069/70.