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Siddhartha Bank Announces 15 Percent Dividend

Siddhartha Bank Limited (SBL) has proposed the dividend to the shareholders. The dividend declaration is from the previous fiscal year 2076/77.

The board meeting of the bank held on Mangsir 19, 2077 has announced a 15 percent dividend. The total dividend includes a 12 percent bonus share and a 3 percent cash dividend.

At a current capital of Rs 9.79 Arba, the bonus share is worth Rs 1.17 Arba while the cash dividend amounts to Rs 29.36 crores.

From the previous fiscal year 2075/76, Siddhartha Bank had distributed a 25.26 percent dividend, including a 10 percent bonus share and a 15.26 percent cash dividend.

The dividend is subject to approval from Nepal Rastra Bank (NRB) and the upcoming AGM of SBL.

Source: Investopaper

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