Purnima Bikas Bank announces 20 % dividends; Paid up to reach Rs 52.50 crore

Purnima Bikas Bank Limited (PURBL) has announced dividends to its shareholders. As per the notice published in NEPSE today, the development bank announces bonus share worth Rs 8.45 crore (19.19%) and 1.01% cash dividends worth Rs 44.50 lakh (for tax purpose) from the profit it had earned in the FY 2073/74. The decision is subjected to the approval from Nepal Rastra Bank and upcoming AGM. Its paid up capital stands at Rs 44.04 crore. After distribution of bonus shares, it will reach to Rs 52.50 crore. It had issued 25% right shares in the FY 2073/74. Also from the profit of FY 2072/73, it had distributed 24.7% bonus shares to its shareholders. It had earned Rs 10.01 crore in the fourth quarter in the FY 2073/74. Its LTP stands at Rs 296 as of last trading day.