Dividend announcement of 6 development banks, see how much of which one?

Kathmandu: Dividend season is going on at the moment. The companies listed in the Securities Market Nepal Stock Exchange (NEPSE) are announcing the dividend to be distributed to their shareholders from the profits of the last financial year 2078/79.

Talking about the dividend, so far 6 development banks listed in NEPSE have announced the dividend to be distributed to their shareholders from the profit of the last financial year 2078/79. 4 out of 6 have been book closed. The dividends of Muktinath Bikas Bank and Mahalaxmi Bikas Bank can still be secured.

Details of development banks declaring dividend are as follows:

1. Lumbini Bikas Bank Limited

The meeting of the board of directors of Lumbini Bikas Bank Limited held on Friday 2nd of Mangsir has proposed to distribute a total of 12% dividend to the shareholders of the bank from the profits of the last financial year 2078/79 in the form of 3% bonus shares and 9% cash.

2. Garima Bikas Bank Limited

The meeting of the board of directors of Garima Bikas Bank Limited has announced to distribute a total of 14.50% dividend to the bank’s shareholders from the profit of the last financial year 2078/79 as bonus shares of 13% of the paid-up capital and 1.50% as cash for tax purposes.

3. Mahalaxmi Bikas Bank Limited

The Board of Directors meeting of Mahalaxmi Bikas Bank Limited held on Friday 1st of Poush has proposed to distribute a total of 10.47% dividend to the shareholders of the bank from the profit of the last financial year 2078/79 including 4% bonus shares and 6.47% cash for tax purposes.

4. Muktinath Bikas Bank Limited

Muktinath Bikas Bank Limited’s Board of Directors meeting held on Friday, Poush 1, distributed a total of 14.2105% dividend to its shareholders from the profit of the last financial year 2078/79, with 13.5% bonus shares and 0.7105% cash for tax purposes.

5. Shine Resunga Development Bank Limited

The meeting of the board of directors of Shine Resunga Development Bank Limited has proposed to give 13.30% bonus shares and 0.70% dividend for tax purposes to the shareholders of the bank from the profit of the last financial year 2078/79.

6. Miteri Development Bank Limited

The meeting of the board of directors of Miteri Development Bank Limited held on Tuesday morning, 19th of Mangsir, has proposed to distribute 12.35% bonus shares and 0.65% cash dividend to the shareholders of the bank from the profits of the last financial year 2078/79.