Tourism Development Bank declares 16% stock dividend

Tourism Development Bank Limited (TDBL) has announced 16% stock dividend and 0.84% cash dividend (for tax purpose) from the profit earned in the last fiscal year. The 143rd BOD Meeting of the company held on Mangsir 17, has proposed distribution of 16% Stock Dividend (Bonus Shares) and 0.84% Cash Dividend (for Tax Purpose) to their Shareholders which subject to the approval from NRB and its upcoming AGM. At Present the development bank has a paid up capital of Rs 67.84 crore. After the issuance of bonus share its paid up capital will reach to Rs 78.69 crore. The development Bank had provided 6% stock dividend and 8.50% to its shareholders from the net profit it earned in fiscal year 2070/71.