December 7, 2020 | Investopaper
Prabhu Bank Limited (PRVU) has proposed to distribute dividend to the shareholders from the profit of the Fiscal Year 2076/77. A meeting of the bank’s board of directors on Sunday decided to distribute 10.5263 percent dividend to the shareholders.
The total dividend includes a 10 percent bonus share and 0.5263 percent cash dividend for tax purpose. The company is planning to distribute bonus share worth Rs. 1.03 Arba. Likewise, the cash dividend is worth Rs. 5.43 crores.
The current paid-up capital of Prabhu bank is Rs. 10.31 Arba. After the adjustment of a 10 percent bonus share, the capital will reach Rs. 11.34 Arba.
In order to distribute the dividend, the bank needs the approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).