Nabil bank declares 30% stock & 18% cash dividend; Paid up capital to reach Rs 8.03 arba

Nabil Bank Limited (NABIL) has decided to distribute 48 percent dividend for to its shareholders. As per the notice published in NEPSE today, the BOD meeting held on Bhadra 9, 2074 has proposed 30 percent stock dividend and 18 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2073/74. The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Last year, Nabil bank had distributed 30 percent bonus share and 6.84 percent cash dividend to their shareholders. It’s paid up capital remains at Rs 6.18 arba in fourth quarter of last fiscal year and after distributing 30 percent bonus share, paid up capital will reach to Rs 8.03 arba. NABIL has earned net profit of Rs 3.65 arba in the fourth quarter of last fiscal year 2073/74 as per unaudited report. Its last traded price stood at Rs 1729 as on August 24, 2017.