Tourism Dev. announces 14.5% Stock Dividend, NRB approval pending

Sharesansar, December 7:

The BOD meeting of Tourism Development Bank Limited (TDBL) has proposed 6 percent bonus share and 8.5 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2070/71.

The BoD meeting of bank held on Mangsir 19, 2071 has decided to recommend a dividend to its shareholders. However, the decision is subject to approval from the Bank’s upcoming Annual General Meeting and Nepal Rastra Bank.

Last year Tourism Development bank has offered 11 percent cash dividend to its shareholders.