Miteri Development Bank Proposes 11% Dividend: 5% Bonus Shares and 6% Cash
Miteri Development Bank Limited (MDB) has proposed a total dividend of 11% to its shareholders from the profits of Fiscal Year 2082/83. The board of directors decided to distribute 5% bonus shares and 6% cash dividend (including tax). The proposed dividend will be distributed after approval from Nepal Rastra Bank and the bank's upcoming Annual General Meeting.
Miteri Development Bank Limited (MDB) has proposed distributing a total dividend of 11% to its shareholders from the profits of Fiscal Year 2082/83.
The decision was made during the bank's Board of Directors meeting held on Ashwin 10, 2083 at 9:00 AM based on the current paid-up capital. The details of the proposed dividend are as follows:
- Bonus Shares: 5%
- Cash Dividend: 6% (including tax)
- Total Dividend: 11%
Currently, the bank has a paid-up capital of Rs 1.2151 billion (Rs 1 Arba 21 Crore 51 Lakh). The proposed dividend will be distributed to shareholders only after receiving approval from the regulatory authority, Nepal Rastra Bank, and being endorsed by the bank's upcoming Annual General Meeting (AGM).