The last day to get hold of Everest Bank's 62% dividend

ShareSansar, September 1:

Today is the final day to clinch 62 percent dividend pledged to the shareholders of the Everest Bank Ltd.

Last month the commercial bank had offered 50 percent cash dividend and 12 percent bonus shares from the profit that it has posted in the last fiscal year 2070/71.

However, the proposal is subject to the approval of bank’s upcoming annual general meeting and the Nepal Rastra Bank (NRB).
 
The bank has announced the book closure from tomorrow to September end though it is yet to announce the date of its upcoming Annual General Meeting.

The bank had distributed 60 percent dividend (10 percent bonus share and 50 percent cash) in the previous fiscal year 2069/70.

After the announced bonus shares adjustment, the bank’s paid up capital will reach Rs 2 arba as prescribed by the NRB. The current paid-up capital of the bank stands at Rs 1.92 arba.

According to the unaudited financial report of the bank recently published, it has earned a net profit of Rs 1.55 arba in the last fiscal year 2070/71, a jump from the profit of Rs 1.47 arba in the corresponding period of the previous fiscal year 2069/70.

The EPS of the bank stands at Rs 86.04, P/E ratio 30.58 times while net worth per share is Rs 346.94.