Siddhartha Bank proposes 13.16% dividend; 5% bonus and 8.16% cash dividend to be distributed after approval from NRB and AGM
Fri, Nov 23, 2018 1:45 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Siddhartha Bank Limited (SBL) has proposed 13.16% dividend for the FY 2074/75.
As per the notice published in NEPSE, the bank has proposed 5% bonus shares worth Rs 42.32 crore and 8.16% cash dividend worth Rs 69.06 crore for its shareholders.
The decision of the dividend distribution is subject to approval from Nepal Rastra Bank and upcoming AGM of the company.
After the adjustment of 5% bonus shares, the paid-up capital of the bank will reach Rs 8.89 arba.
In the previous FY, the commercial bank had distributed 14% bonus shares for its shareholders.
