Agricultural Development Bank (ADBL) to Provide 10.53 Percent Dividend
December 22, 2024 | Investopaper
Agricultural Development Bank Limited (ADBL) has informed about the dividend to the shareholders. The dividend decision is from the fiscal year 2079/80.
The board meeting of the bank held on Poush 4, 2081 BS has proposed a 10.53 percent dividen. The total dividend includes a 3 percent bonus share and a 7.53 percent cash dividend (including for tax purposes).
The bank has sent the financial statements to Nepal Rastra Bank for approval after which it will convene the Annual General Meeting (AGM).
From the previous fiscal year 2079/80, the bank didn’t provide any dividend to the shareholders. However, from the fiscal year 2078/79, ADBL had distributed a 13 percent dividend, including a 2 percent bonus share and an 11 percent cash dividend.
Suggested Readings:
Dividend History Of Agricultural Development Bank (ADBL)