Nepal SBI Bank Announces 10.55 Percent Dividend

November 20, 2023 | Investopaper

Nepal SBI Bank Limited (SBI) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.

The bank has proposed a 10.55 percent dividend. The total dividend includes a 3.75 percent bonus share and a 6.8 percent cash dividend (for tax purposes as well).

As of Ashad’s end 2080 BS, Nepal SBI Bank has a paid-up capital of Rs 10.12 Arba. At this capital, the bonus share amounts to Rs 37.95 crores while the cash dividend is worth Rs 68.81 crores.

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

From the previous fiscal year 2078/79, Nepal SBI Bank had distributed a 10.53 percent dividend to the shareholders, including a 3 percent bonus share and a 7.53 percent cash dividend.

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