Nepal Bangladesh Bank announces 12% dividend including 5% bonus; capital to reach Rs 8.48 arba after bonus adjustment
Sun, Nov 3, 2019 11:25 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Nepal Bangladesh Bank Limited (NBB) has proposed 12% dividend to its shareholders for the FY 2075/76.
The 347th Board meeting of the bank held on Kartik 15, 2076 had come to this decision. The breakdown of proposed dividend is as follows:
Bonus share: 5%
Cash dividend: 7% (including tax amount)
Total: 12%
The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank.The existing paid up capital of NBB is Rs 8.08 arba. Post the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 8.48 arba.
As on Q4 of FY 2075/76, NBB had earned net profit of Rs 1.61 arba with Rs 1.04 arba distributable profit. Similarly, the EPS of the bank stood at Rs 20.02 and the net worth per share stood at Rs 153.91.
The dividend history of NBB is as follows:
