Laxmi bank proposes 15% dividend for the FY 2075/76; 10% bonus and 5% cash dividend including tax amount

Laxmi Bank Limited (LBL) has proposed 15% dividend to its shareholders for the FY 2075/76.

The 221st Board meeting of the bank held on Kartik 17, 2076 had come to this decision. The breakdown of proposed dividend is as follows:

Bonus share: 10% worth Rs 89.20 crore
Cash dividend: 5% worth Rs 44.60 crore (including tax amount)
Total: 15% worth Rs 1.33 arba

The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank.

The existing paid up capital of Laxmi Bank is Rs 8.92 arba. Post the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 9.812 arba.

As on Q4 of FY 2075/76, LBL had earned net profit of Rs 1.57 arba with Rs 1.15 arba distributable profit. Similarly, the EPS of the bank stood at Rs 17.67 and the net worth per share stood at Rs 141.67.

The dividend history of LBL is as follows: