NIC Asia bank declares 10% bonus dividend to its shareholders
Fri, Nov 16, 2018 4:21 PM on Dividend, Bonus & Rights, Latest,
The BOD meeting of Kartik 30, 2075 (Today) of NIC Asia Bank Limited (NICA) has proposed a 10 percent bonus share and 0.526 percent cash dividend (tax purpose) to its shareholders from the net profit it had earned in the last fiscal year 2074/75.
The decision is subjected to approval from Nepal Rastra Bank and the company’s upcoming Annual General Meeting (AGM). Last year, NICA had distributed 20% bonus share and 1.05% cash dividend to its shareholders from the profit it had earned in the FY 2073/74. NICA has earned the net profit of Rs 1.19 arba in the fiscal year 2074/75 as per a Q4 report of FY 2074/2075. It’s paid up capital stands at Rs 8.03 area. After distribution of 10% bonus share, the paid-up capital will reach Rs 8.83 arba.
The bank has shown amazing performance in Q1 of FY 2075/2076. The bank's profit has increased by 170% to Rs 75.26 crore in Q1 of the current fiscal year. The LTP of the NICA share stands at Rs 419.