SMBF proposes 36% bonus share; Metro pledges 16% bonus shares; EFL 10% cash

ShareSansar, September 14:

Sagarmatha Merchant Banking and Finance Ltd has proposed 36 percent bonus shares to its shareholders for the last fiscal year 2070/71.

A meeting of the Board of Directors of the company proposed the dividend on September 9, according to the company.

Meanwhile, Metro Development Bank has proposed 16 percent bonus shares and 0.84% cash dividend to cover for the bonus shares to its shareholders.

Everest Finance Ltd has also pledged 10 percent cash dividend to the shareholders.

The dividends proposed by both these BFIs are, however, subject to the approval of the Nepal Rastra Bank and their upcoming AGM.