Kumari Bank amends dividend for FY 2076/77; 10.85% bonus shares to be distributed now

Kumari Bank Limited (KBL) has amended the dividend structure for the fiscal year 2076/77.

The bank had previously proposed a 14% of the paid-up capital as a dividend for the fiscal year 2076/77. 10% was proposed as bonus shares and the remaining 4% as a cash dividend.

However, compliant with Nepal Rastra Bank's regulation, the bank has now amended its dividend. The bank has now proposed a 10.85% dividend as bonus shares and 3.15% as a cash dividend. Note that the total dividend amount has remained the same, with amendment only to the bonus: cash dividend structure.

This dividend will be distributed after endorsement by the bank's upcoming AGM. As of writing, Kumari Bank has an LTP of Rs. 234 per share.