Sunrise Bank proposes 15.8% dividend from the profit of 2075/76; Paid-up capital post adjustment to reach Rs 8.96 arba
Wed, Sep 18, 2019 11:15 AM on Dividend, Bonus & Rights, Stock Market, Latest,
Sunrise Bank (SRBL) has proposed 15.8% dividend for its shareholders from the profit of FY 2075/76.
The 326th Board Meeting of the bank held on Bhadra 31, 2076 has decided to propose 5.8% cash dividend and 10% bonus shares. Further details are listed below:
Paid-up capital: Rs 8.15 arba
Cash dividend: 5.8% worth Rs 47.28 crore
Bonus shares: 10% worth Rs 81.52 crore
Total: 15.8% worth Rs 1.28 arba
Paid-up capital post adjustment: Rs 8.96 arba
The proposal is subject to approval from Nepal Rastra Bank and its upcoming Annual General Meeting. The dividend yield of SRBL based on the LTP as on Bhadra 31, 2076 is 6.89%.
The dividend history of SRBL is given below:
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