NIC ASIA declares 39 % stock dividend; NIC to propel market after Nepal SBI as it plans for 4:1 right share after bonus (Capital Plan Inside)

NIC ASIA Bank ltd has decided to issue a dividend of Rs. 41.05 per share (39% Stock and 2.05% Stock) for the year 2014/15 which subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting (AGM). The bank has also decided to issue 4:1 right share after the distribution of the bonus share after obtain approval from Annual General Meeting.

The paid up capital of NIC ASIA stands at Rs 2.658 arba. After the issuance of 39% stock dividend the paid up capital of the bank will reach will be Rs 3.69 arba. As the bank also plans for 4:1 right share after the bonus share, the paid up capital will soar to Rs. 4.61 arba.

Last year the bank had distributed 15% bonus and 15% cash dividend to its shareholder.