Nepal Infrastructure Bank Limited (NIFRA) has proposed an 4.2105% dividend for the fiscal year 2078/79.
The 116th meeting of the board of directors held on Ashwin 06 decided to distribute the dividend on the paid-up capital of Rs. 21.60 Arba. 4.2105% cash dividend (including tax) worth Rs. 90,94,68,000 have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, NIFRA has an LTP of Rs. 199.80.