September 15, 2023 | Investopaper
NIC Asia Bank Limited (NICA) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.
The board meeting of the Bank held Bhadra 28, 2080 BS has proposed a 30.5263 percent dividend. The total dividend includes a 29 percent bonus share and a 1.5263 percent cash dividend (for tax purposes).
As of Ashad’s end 2080 BS, NIC Asia Bank has a paid-up capital of Rs 11.56 Arba. Hence, the company is planning to distribute Rs. 3.35 Arba as bonus shares and Rs. 17.65 crores as cash dividend.
From the previous fiscal year 2078/79 the bank didn’t distribute any dividend to the shareholders.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting of the bank.