Nepal Investment Bank proposes 40% dividend; Paid-up capital to reach Rs 12.56 arba after adjustment

Mon, Dec 10, 2018 10:05 AM on Dividend, Bonus & Rights, Stock Market, Latest,

Nepal Investment Bank Limited (NIB) has proposed 40% dividend for its shareholders.

As per the information received, the meeting of the BOD which was convened at 5 PM yesterday has proposed 18% bonus shares and 22% cash dividend for the FY 2074/75.

The decision is subject to approval from the Rastra Bank and upcoming AGM of the bank.

After the adjustment of 18% bonus shares, the paid-up capital of the bank will reach Rs 12.56 arba.

Dividend Histroy of the bank:

The bank has been able to provide consistent and high return to its investors. The chart below represents the consistency of the bank's dividned payout.

Performance of the bank

Nepal Investment Bank had reported a rise in the net profit by 17.84% in the first quarter of the fiscal year 2075/76.

The bank’s profit has increased from Rs 89.99 crore in the first quarter of the fiscal year 2074/75 to Rs 1.05 arba in the first quarter of the fiscal year 2075/76.

The EPS of the bank stands at Rs 39.63. The net worth per share stands at Rs 246.93.

NIBL had reported net profit of Rs 3.96 arba in the fourth quarter of the last FY 2074/75.

The LTP of the bank stands at Rs 619 as on Mangsir 23, 2075.