Muktinath Bikas Bank announces 19.21% dividend; Paid-up capital to reach Rs 3.06 arba after adjustment of 18.25% bonus shares

Thu, Sep 13, 2018 10:50 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Muktinath...

Muktinath Bikas Bank Limited (MNBBL) has announced 19.21% dividend for its shareholders from the net profit of FY 2074/75.

As per the notice published in NEPSE, the development bank has announced 18.25% bonus shares worth Rs 47.29 crore and cash dividend for tax purpose worth Rs 2.48 crore.

The decision of the development 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 development bank will reach Rs 3.065 arba.

The development bank's EPS was reported as Rs Rs 22.20 in the fourth quarter of 2074/75.. In the fiscal year 2073/74, the bank had distributed 20% bonus shares for its shareholders.