Nepal SBI Bank Proposes 5.31 Percent Dividend

November 24, 2021 | Investopaper

Nepal SBI Bank Limited (SBI) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2077/78.

The bank has proposed a 5.31 percent dividend. The total dividend includes a 3.50 percent bonus share and a 1.81 percent cash dividend (for tax purposes as well).

As of Ashad’s end  2078 BS, Nepal SBI Bank has a paid-up capital of Rs 9.49 Arba. At this capital, the bonus share amounts to Rs 33.21 crores while the cash dividend is worth Rs 17.17 crores.

The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM)

From the previous fiscal year 2076/77, Nepal SBI Bank had distributed a 9.47 percent dividend to the shareholders, including a 6 percent bonus share and a 3.47 percent bonus share.


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