NMB bank proposes 35% dividend for FY 2075/76; 21% bonus and 14% cash dividend
Mon, Nov 11, 2019 9:27 AM on Dividend, Bonus & Rights, Stock Market, Latest,
NMB Bank Limited (NMB) has proposed 35% dividend to its shareholders for the fiscal year 2075/76.
The board meeting of the bank held on Kartik 24, 2076 had come to this decision. The breakdown of proposed dividend is as follows:
Paid-up capital: Rs 11.53 arba
Bonus share: 21% worth Rs 2.42 arba
Cash dividend: 14% worth Rs 1.61 arba
Total: 35% worth Rs 4.03 arba
The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank. Post the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 13.95 arba.
NMB Bank Limited successfully merged with OM Development Bank Limited and started joint transaction from Ashwin 11, 2076.
The dividend history of NMB Bank Limited is as follows: