Nabil Bank proposes 38% dividend

KATHMANDU: The Nabil Bank Limited has proposed a 38% dividend for the fiscal year 2077/78 BS.

The meeting of the board of directors held on November 2 decided to distribute the dividend on the paid-up capital of Rs. 13.84 arba. The meeting has proposed 33.6% bonus shares and 4.4% cash dividend (including tax).

The dividend will be distributed only after approval by the Nepal Rastra Bank (NRB) and endorsement by the company’s upcoming AGM.

As of writing, Nabil has an LTP of Rs 1,608.