Mahalaxmi Bikas Bank Announces 7 Percent Dividend
December 16, 2024 | Investopaper
Mahalaxmi Bikas Bank Limited (MBBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2080/81.
The development bank has proposed a 7 percent dividend. The total dividend includes a 3 percent bonus share and a 4 percent cash dividend (including for tax purposes).
As of Ashad’s end 2081 BS, Mahalaxmi Bikas Bank has a paid-up capital of Rs 4.17 Arba. At this capital, the bonus share amounts to Rs. 12.51 crores while the cash dividend amounts to Rs 16.68 crores.
The bank will distribute the dividend after the approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).
From the previous fiscal year 2079/80, Mahalaxmi Bikas Bank had distributed a 6.4 percent cash dividend to the shareholders.
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