August 30, 2023 | Investopaper
Machhapuchchhre Bank Limited (MBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.
The board meeting of the bank held on Bhadra 13, 2080 BS has proposed a 14 percent dividend. The total dividend includes a 13.3 percent bonus share and a 0.70 percent cash dividend (for tax purposes).
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM) of the bank.
From the previous fiscal year 2078/79, MBL didn’t provide any dividend to the shareholders.
As of Ashad’s end 2080 BS, Machhapuchchhre Bank has the paid-up capital of Rs. 10.25 Arba.