Sunrise Bank proposes 8.28% dividend for FY 2076/77; How much in bonus shares and cash?

Mon, Nov 23, 2020 10:53 AM on Dividend, Bonus & Rights, Latest,

Sunrise Bank Limited (SRBL) has proposed the dividend for the fiscal year 2076/77.

The 359th meeting of the board of directors held on Mangsir 07 has decided to distribute an 8.28% dividend from the distributable profit of the fiscal year 2076/77. 5.8% will be distributed as bonus shares and 2.48% in the cash dividend.

Thus, the bonus shares total Rs. 52,01,33,063.29 and the cash dividend totals Rs. 22,24,01,723.62.

As of writing, SRBL's LTP stands at Rs. 256. The bank has already published its first-quarter report for the FY 2077/2078 with a decline in Net Profit by 15.71%. The bank’s net profit declined to Rs. 38.29 crores in this quarter from Rs. 45.43 crores of the corresponding quarter of FY 2076/2077.

Dividend History