Lumbini Bikas Bank proposes 20% dividend; Paid-up capital to reach Rs 2.71 arba after bonus adjustment

Lumbini Bikas Bank Limited (LBBL) has proposed 20% dividend for the FY 075/76.

As per the notice published in NEPSE, the development bank has announced 15% cash dividend worth Rs 38.80 crore (including tax for bonus and cash dividend) and 5% bonus  shares worth Rs 12.93 crore for its shareholders.

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

After the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 2.71 arba.

The last trading price of LBBL traded on December 10 is Rs 185 and dividend yield is 10.81%.