Jyoti Bikash Bank Limited (JBBL) has proposed a 15.5% dividend for the fiscal year 2077/78.
The 406th meeting of the board of directors held on Mangsir 09 decided to distribute the dividend on the paid-up capital of Rs. 3,84,48,22,781. 11% bonus shares worth Rs. 42.29 crores and 4.5% cash dividend (for tax purposes) worth slightly over Rs. 17.3 crores have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM.
As of writing, JBBL has an LTP of Rs 541.