Nabil Bank Distributed 11.5% Cash Dividends Directly to Shareholders' Bank Accounts

Nabil Bank Limited (NABIL) has distributed 11.5% cash dividends directly to the bank accounts of its shareholders and has urged them to dematerialize their shares.

The company convened its 38th AGM for the FY 2078/79 on 29th Poush, 2079. The company endorsed a 30% dividend for FY 2078/79. The board of directors meeting on Mangsir 25 decided to distribute the dividend on the paid-up capital of Rs. 22.83 Arba. 18.50% bonus shares worth Rs 4.22 Arba and 11.5% cash dividend (including bonus shares tax purposes) worth Rs 2.61 Arba were proposed. The same cash dividend has now been distributed.

Also, the company has urged the shareholders to dematerialize their shares if they haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.

Additionally, if eligible investors had taken a loan against the shares of the company before the book closure date i.e. Poush 18 should present a No Objection Letter from their lending institution to receive the dividend.

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