Siddhartha bank proposes 25.26% dividend from the profit of FY 2075/76; 10% bonus and 15.26% cash dividend

Tue, Sep 17, 2019 12:23 PM on Dividend, Bonus & Rights, Stock Market, Latest,

Siddhartha Bank Limited (SBL) has proposed 25.26% dividend to its shareholders from the profit of FY 2075/76.

The 323th Board meeting of the bank held on Bhadra 30, 2076 had come to this decision. The breakdown of proposed dividend is as follows:

Paid-up capital: Rs 8.88 arba
Bonus share: 10% worth Rs 88.87 crore
Cash dividend: 15.26% worth Rs 1.35 arba (including tax amount)
Total: 25.26% worth Rs 2.24 arba

The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the bank. Post the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 9.77 arba.

As on Q4 of FY 2075/76, SBL had earned net profit of Rs 2.30 arba with Rs 1.65 arba distributable profit. Similarly, the EPS of the bank stood at Rs 25.98 and the net worth per share stood at Rs 169.77.

The dividend history of SBL is as follows: