Nagbeli & Vijaya Laghubitta proposes 48% & 15% dividend respectively

Nagbeli Laghubitta Bikas Bank Limited (NBBL) and Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has proposed dividend to its shareholders. As per the notice published in NEPSE today, NBBL has proposed 45.47% bonus and 2.53% cash (for tax purpose) to its shareholders. Likewise, VLBS has also proposed 10% bonus and 5% cash dividend to its shareholders from the net profit of FY 2073/74. The decision is subjected to the approval from the Nepal Rastra Bank and upcoming AGM. NBBL had distributed 60% bonus share to its shareholders and 50% right shares also, whereas VLBS had distributed 15% bonus and 5% cash dividend from the profit it made in the fiscal year 2072/73. NBBL current paid up capital stands at Rs 5.25 crore and after adjustment of bonus shares, it will reach to Rs 7.63 crore. VLBS paid up capital stands at Rs 16.10 crore and after 10% bonus shares, it will reach to Rs 17.71 crore. LTP of NBBL and VLBS stood at Rs 3,720 and Rs 1,270 as of last trading day.