Mega Bank proposes 1% bonus shares and 6.85% cash dividend from the profits of FY 74/75; decision subject to approval from NRB and upcoming AGM
Wed, Dec 19, 2018 1:00 PM on Dividend, Bonus & Rights, Latest, Stock Market,
In a notice published on NEPSE, Mega Bank Limited (MEGA) has proposed 7.85233% dividend from the profits of FY 74/75.
The 237th BOD meeting held on 4th Poush 2075 decided to propose 1.00233% bonus shares worth Rs.10.30 Crore and 6.85% cash dividend worth Rs.70.45 Crore to the shareholders of the bank. However, this decision is subject to approval from NRB and the upcoming AGM of the company.
The current paid up capital of the bank stands at Rs.10.28 Arba which will increase to Rs.10.30 Arba. The bank had previously declared 10.7539% bonus shares from the profits of FY 73/74.
The LTP of the bank as of 18th December 2018, stands at Rs.190 per share.
