Laxmi Bank to provide 8.95% dividend for FY 2074/75; Paid-up capital to reach Rs 8.92 arba after adjustment of 8.50% bonus shares

Laxmi Bank Limited (LBL) has proposed 8.95% dividend for the FY 2074/75.

As per the notice published in NEPSE, the commercial bank has proposed 8.50% bonus shares worth Rs 69.88 crore and 0.45% cash dividend worth Rs 3.67 crore for its shareholders.

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

After the adjustment of the bonus shares, the paid-up capital of the bank will reach Rs 8.92 arba.

The commercial bank had distributed 10% bonus shares for the FY 2073/74. Its LTP stands at Rs 221 in the secondary market.