Siddhartha Bank Proposes 20% Dividend for FY 2082/83; How much in Bonus shares and Cash?

Siddhartha Bank Limited (SBL) has proposed a 20% dividend for the fiscal year 2082/83.

The 482nd meeting of the board of directors held on Ashwin 01 has decided to distribute 10% bonus shares and 10% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 14.79 arba, the bonus shares are worth Rs. 1.47 arba, and the cash dividend is worth Rs. 1.47 arba. Similarly, 8.25 percent cash dividend worth Rs. 10.75 crores will be distributed for preference shares.

Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.

As of the time of writing, the company's LTP stands at Rs. 431.00 .