Nepal Investment Bank proposes 10.5% bonus and 8.5% cash dividend; Capital after adjustment to reach Rs 14.21 arba
Wed, Nov 13, 2019 11:34 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Nepal Investment Bank (NIB) has proposed 19% dividend for its shareholders from the profit of FY 2075/76.
The 522nd Board Meeting held on Kartik 27, 2076 has decided to propose the following dividend:
Current Paid-up Capital: Rs 12.86 arba
Bonus Shares: 10.5% worth Rs 1.35 arba
Cash Dividend: 8.5% worth Rs 1.09 arba including tax amount
Total Dividend: 19% worth Rs 2.44 arba
Paid-up Capital after adjustment: Rs 14.21 arba
The proposal is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting of the Bank.
The dividend history of NIB is:
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