Nepal Rastra Bank approves Prabhu Bank's Proposal to Distribute 10.5263% Dividend for FY 2076/77

Wed, Dec 16, 2020 12:14 PM on Latest, Dividend, Bonus & Rights,

Prabhu Bank Limited (PRVU) has already proposed a 10.5263% dividend for the fiscal year 2076/77.

The meeting of the board of directors had proposed a 10% bonus shares and 0.5263% cash dividend from the paid-up capital for the fiscal year 2076/77. Thus, the bonus shares amounting to Rs. 1.03 Arba and cash dividend amounting Rs. 5.42 crores will be distributed.

Note that dividends proposed by companies listed in NEPSE will only be distributed after approval by Nepal Rastra Bank and endorsement by the company's upcoming AGM. Issuing a new notice today, Prabhu Bank has informed everyone that NRB has approved the dividend proposal on Mangsir 30. The dividend will now be endorsed by the company's upcoming AGM and eventually distributed to investors.

In the fiscal year 2075/76, the bank had distributed 16% bonus shares and 0.84% cash dividend. As of writing, the company's last day closing stands at Rs. 353.