Laxmi Sunrise Bank Proposes 5.26 Percent Dividend
December 1, 2024 | Investopaper
Laxmi Sunrise Bank Limited (LSL) has declared the dividend to the shareholders. The dividend announcement is from the fiscal year 2080/81.
The board of directors meeting held on Mangsir 14, 2081 BS has proposed a 5.26 percent dividend. The total dividend includes a 5 percent bonus share and a 0.26 percent cash dividend (for tax purposes).
As of Ashad’s end 2081 BS, Laxmi Sunrise Bank has a paid-up capital of Rs 23.18 Arba. At this capital, the bonus share amounts to Rs. 1.16 Arba while the cash dividend is worth Rs 6.02 crores.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).
From the previous fiscal year 2079/80, the bank had distributed a 7.37 percent dividend, including a 7 percent bonus share and a 0.37 percent cash dividend (for tax purposes).
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