Nirdhan Utthan declares 61.91% dividend; paid up capital will reach 50 crore – ShareSansar

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Nirdhan Utthan Bank Limited (NUBL) has decided to distribute 48.81 percent bonus share and 13.10 percent cash dividend including for tax purpose to its shareholders.

The BOD Meeting of the company held on Kartik 1, 2072 has proposed 48.81 percent bonus share and 13.10 percent cash dividend including for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72.

The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).

Earlier in the fiscal year 2070/71, Nirdhan Utthan had distributed 40 percent bonus share and 10 percent cash dividend to their shareholders

NUBL had earned net profit of Rs 27.83 crore in the fourth quarter of last fiscal year 2071/72 unaudited report. It’s paid up capital remains at Rs 33.60 crore . After distributing 48.81 percent bonus share it’s paid up capital will rise to Rs 50 crore.

 

Published on: Sharesansar (Oct 19, 2015)