Kumari Bank pledges 33% bonus share, 1.74% cash; Laxmi offers 20% bonus, 1.05% cash

ShareSansar, September 16:

Kumari Bank Limited has proposed impressive 33 percent bonus share and 1.74 percent cash dividend to cover for the tax to its shareholders from the profit it posted in the last fiscal year 2070/71.

A meeting of its Board of Directors held today decided to propose this dividend.

Though Kumari had posted a modest profit growth of 17 percent by the fourth quarter of last fiscal year 2070/71, the dividend has made its shareholders happy.

The price of the scrip has been sharply rising over the recent days, and today itself it is having one of the top turnovers in the market.  

Last year, it had offered just 14 percent bonus share.

Meanwhile, Laxmi Bank Limited has also announced 20 percent bonus share and 1.05 percent cash dividend for tax purpose.

With this only Nepal Credit and Commerce Bank Limited is left to declare its dividend for the last fiscal year among the seven commercial banks that are yet to meet the paid-up capital of Rs 2 arba as required by the central bank.

The commercial banks yet to meet the paid-up requirement are Everest Bank Limited, Kumari Bank Limited, Laxmi Bank Limited, Bank of Kathmandu Limited, Lumbini Bank Limited, Nepal Credit and Commerce Bank Limited and Siddhartha Bank Limited.

Only yesterday Siddhartha Bank had pledged 12 percent bonus share and 11.16 percent cash dividend. On Sunday Bank of Kathmandu had declared 10.42 percent bonus share to its shareholders. Everest Bank had 12 percent bonus and 50 percent cash while Lumbini had pledged 5 percent bonus share and 6 percent cash a few days ago.

NCC Bank is scheduled to offer an impressive dividend shortly.