STOCK WATCH: Last day to clinch Nepal Investment Bank's 40% dividend

ShareSansar, October 8:

Today is the last day to get hold of the dividend pledged by Nepal Investment Bank Ltd for the last fiscal year 2070/71.

NIBL is closing its shareholders register from tomorrow to convene its annual general meeting (AGM).

The 28th AGM has been slated for Kartik 5. Only those investors buying the shares of the bank till today will be entitled to the dividend of the bank.

The bank has already announced 40 percent dividend--25 percent cash and 15 percent bonus share--to its shareholders from the net profit it earned in the last fiscal year 2070/71.

The bank has earned a net profit of Rs 1.95 arba in the last fiscal year, up from Rs 1.91 arba in the corresponding period of the previous fiscal year 2069/70.