November 30, 2022 | Investopaper
Mega Bank Nepal Limited has amended the dividend to the shareholders from the fiscal year 2078/79. The bank has proposed a 7.79 percent dividend. The total dividend includes a 4 percent bonus share and a 3.79 percent cash dividend.
Previously, the bank had announced a 7.83 percent dividend, including a 4 percent bonus share and a 3.83 percent cash dividend. As per the direction of NRB, the bank has changed the proposed cash dividend.
As of Ashad’s end 2079 BS, Mega Bank has a paid-up capital of Rs. 16.12 Arba. On this capital, the bonus share amounts to Rs 64.48 crores while the cash dividend is worth Rs 61.02 crores.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming 12th Annual General Meeting (AGM).
From the previous fiscal year 2077/78, Mega Bank had distributed a 12.07 percent dividend to the shareholders, including a 10 percent bonus share and a 2.07 percent cash dividend.