Nabil offers 40 pc cash dividend, 25 pc bonus share

Sharesansar, Sept 6:

Nabil Bank Limited has decided to distribute an impressive 40 percent cash dividend and 25 percent bonus shares to its shareholders from the profit of the last fiscal year.

The decision taken by the latest meeting of its board of directors, however, is subject to approval from the Nepal Rastra Bank as well as Nabil’s upcoming Annual General Meeting.

It may be noted here that the latest rewards offered by Nabil Bank is better than what it had offered last year. In the previous fiscal year, Nabil had distributed 40 percent dividend and 20 percent bonus shares.

Last fiscal year Nabil had made a profit of Rs 2 arba 23 crore, while its profit during the previous fiscal year stood at Rs 1 arba 70 crore.  

Nabil Bank is the third commercial bank to propose cash dividend apart from bonus shares this year. Recently, Nepal SBI Bank and Citizen International Bank have also proposed cash dividend to their shareholders, which, again is subject to the central bank’s approval.