Kathmandu —
Shine Resunga Development Bank Limited has proposed to distribute a total dividend of 13 percent from the distributable profit of the fiscal year 2081/82.
According to the decision made by the bank’s Board of Directors meeting held on Kartik 21, the proposed dividend includes 3 percent bonus shares and 10 percent cash dividend (including tax purposes) based on the current paid-up capital.
At present, the bank’s paid-up capital stands at Rs. 4.87 billion. The proposed dividend will be distributed after receiving approval from the Nepal Rastra Bank (NRB) and endorsement by the upcoming Annual General Meeting (AGM).
This year’s proposed dividend is higher than last year, when the bank had distributed a total of 8 percent dividend — including 3 percent bonus shares and 5 percent cash dividend (with tax).