Lumbini Bikas Bank Proposes 8.5 Percent Dividend from FY 2079/80
December 12, 2023 | Investopaper
Lumbini Bikas Bank (LBBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.
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 2080 BS, Lumbini Bikas Bank has a paid-up capital of Rs 338.28 crores. At this capital, the company is planning to distribute Rs 28.75 crores as dividends. Out of the total dividend, the bonus share amounts to Rs 13.53 crores while the cash dividend is worth Rs 15.22 crores.
From the previous fiscal year 2078/79, Lumbini Bikas Bank had distributed a 12 percent dividend, including a 3 percent bonus share and a 9 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)
