Shine Resunga Development Bank Limited (SHINE) has proposed an 11.5% dividend for the fiscal year 2077/78.
The 244th meeting of the board of directors held on Kartik 14 has decided to distribute 10.93% bonus shares and 0.57% cash dividend (for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 3.40 arba. Thus, the bonus shares are worth Rs. 37.25 and cash dividend is worth Rs 1.96 crore.
Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.
As of writing, the bank's last day close stands at Rs. 532.