Sahara Bikas Bank Proposes 5.32 Percent Dividend

July 7, 2021 | Investopaper

Sahara Bikas Bank Limited (SHBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2076/77.

The development bank has proposed a 5.32 percent dividend. The total dividend includes a 5.05 percent bonus share and a 0.27 percent cash dividend (for tax purposes).

As of Ashad’s end 2077 BS, Sahara Bikas Bank has a paid-up capital of Rs 27.22 crores. At this capital, the bonus share amounts to Rs 1.37 crores while the cash dividend is worth Rs 7.23 lakh.

The dividend is subject to approval from Nepal Rastra Bank and the upcoming 8th, 9th, and 10th AGM of the development bank.

Previously, Sahara Bikas Bank had distributed a 12.94 percent dividend from the fiscal year 2074/75, including a 12.30 percent bonus share.


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