Lumbini Bikas Bank Proposes 7 Percent Dividend from FY 2080/81
December 22, 2024 | Investopaper
Lumbini Bikas Bank (LBBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2080/81.
The development bank has proposed an 8.50 percent dividend. The total dividend includes a 4 percent bonus share and a 4.5 percent cash dividend (including for tax purposes).
As of Ashad’s end 2081 BS, Lumbini Bikas Bank has a paid-up capital of Rs 351.81 crores. At this capital, the company is planning to distribute Rs 24.62 crores as dividends. Out of the total dividend, the bonus share amounts to Rs 10.55 crores while the cash dividend is worth Rs 14.07 crores.
From the previous fiscal year 2079/80, Lumbini Bikas Bank had distributed an 8.50 percent dividend, including a 4 percent bonus share and a 4.5 percent cash dividend.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).
Recommended: Dividend History Of Lumbini Bikas Bank Limited (LBBL)
