Kamana Sewa Bank proposes 12% dividend; minimum capital requirement to be met after 5.50% bonus distribution

Kamana Sewa Bikas Bank Ltd. (KSBBL) has informed NEPSE about the declaration of dividend to their shareholders today.

According to the notice published in NEPSE today, the 249^th Board Meeting conducted on Jestha 30, 2075 have decided to endorse the 12% dividend to its shareholders. This includes bonus shares amounting Rs 13,04,70,192.94(i.e. Rs 13.04 crore) which is 5.50% of the total current paid-up capital and cash dividend of 6.50% amounting Rs 15,41,92,046.21 (i.e. Rs 15.41 crore).

However, the decision of the Board is yet to be approved by NRB and the AGM of the company.

Its paid-up capital will reach Rs 2.50 arba from existing Rs 2.05 arba after the adjustment of 15% right shares and 5.50% bonus shares. Hence, it will meet the capital requirement of Rs 2.5 arba.

It had earned Rs 22.81 crore in the third quarter of the FY 2074/75. Its last traded price stood at Rs 155 as of yesterday.