Saptakoshi Development Bank proposes 8.36% dividend; Dividend includes 3% bonus shares & cash dividend worth Rs 2.56 crore

Thu, Sep 13, 2018 11:29 AM on Dividend, Bonus & Rights, Latest, Stock Market,

Saptakoshi Development Bank Limited (SKDBL) has proposed 8.36% dividend including taxes for its shareholders from the profit of FY 2074/75.

The development bank has proposed 3% bonus shares worth Rs 1.52 crore and cash dividend worth Rs 2.56 crore with cash for tax purpose.

The decision of the development bank is subject to approval from Nepal Rastra Bank and from the AGM of the company.

After the adjustment of the bonus shares, the paid-up capital of the company will increase to Rs 52.37 crore.

The development bank had issued 4.782% bonus shares in the FY 2073/74 for its shareholders. In the fourth quarter of the FY 2074/75, the bank had reported net profit of Rs 3.70 crore wit EPS standing at Rs 7.29.