Prabhu Bank announces 16% bonus for FY 2075/76; Paid up capital to reach Rs 10.31 arba after bonus adjustment
Thu, Oct 10, 2019 11:45 AM on Dividend, Bonus & Rights, Stock Market, Latest,
Prabhu Bank Limited (PRVU) has proposed 16.84% dividend to its shareholders for the FY 2075/76.
The 160th Board meeting of the bank held on Ashwin 17, 2076 had come to this decision. The breakdown of proposed dividend is as follows:
Paid-up capital: Rs 8.89 arba
Bonus share: 16% worth Rs 1.42 arba
Cash dividend: 0.84% worth Rs 7.48 crore (for tax)
Total: 16.84% worth Rs 1.49 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 10.31 arba.
As on Q4 of FY 2075/76, PRVU had earned net profit of Rs 2.05 arba with Rs 1.73 arba as distributable profit. Similarly, the EPS of the bank stood at Rs 24.18 and the net worth per share stood at Rs 163.80.
The last trading price of Prabhu Bank is Rs 265 traded on Ashwin 16 and its dividend yield is 6.35%.
Last FY 2074/75 Prabhu Bank has distributed 8% bonus share to its shareholders.
