NMB Bank proposes 19% stock dividend; Paid up capital to reach Rs 5.33 arba

NMB Bank Limited (NMB) has decided to distribute 19 percent stock dividend to its shareholders. As per the notice published in NEPSE today, the 322^nd BOD meeting of company held yesterday (Kartik 8, 2073) has proposed 19% Stock and 1% cash dividend for tax purpose to their shareholders from the net profit it earned in the last fiscal year 2072/2073. The decision is subjected to approval from Nepal Rastra Bank and the bank’s upcoming Annual General Meeting (AGM). NMB Bank had distributed 8% stock dividend to its shareholders from the profit it made in 2071/72 FY. NMB had earned net profit of Rs 1.19 arba in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 4.48 arba and after the issuance of 19% stock dividend the paid up capital will rise to Rs 5.33 arba.