NMB Bank Limited has proposed a 7 percent cash dividend for its ordinary shareholders from the distributable profit for the fiscal year 2082/83.
The decision was taken by the bank’s Board of Directors at its 517th meeting held on Wednesday, Ashoj 21, 2083. The proposed dividend will be applicable after receiving approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting.
According to the bank, ordinary shareholders will receive a 7 percent cash dividend, amounting to Rs. 1.349 billion, including the amount required for tax purposes. The bank has not proposed any bonus shares for ordinary shareholders.
Meanwhile, holders of NMB Non-Redeemable Non-Cumulative Preference Shares carrying an 8.25 percent dividend rate will receive a cash dividend at the rate of 8.25 percent of paid-up capital. The proposed amount is Rs. 122.05 million, including tax, to be distributed proportionately from the date of allotment.
The proposed dividends will be distributed from the amount available for distribution based on the bank’s financial statements for fiscal year 2082/83, subject to regulatory and shareholder approval.
Published by NMB Bank Limited on 2083-6-22
