NMB Bank Announces Dividend: 7% Cash on Ordinary Shares, 8.25% on Preference Shares
NMB Bank Limited has declared a 7% cash dividend (including tax) for ordinary shareholders and an 8.25% cash dividend (including tax) for preference shareholders from the distributable profit of the last fiscal year. The proposed dividend will be distributed after approval from Nepal Rastra Bank and endorsement by the bank's upcoming annual general meeting.
NMB Bank Limited has announced dividends for its shareholders. The bank's Board of Directors meeting held on Wednesday, Ashwin 21 decided to distribute dividends from the distributable profit of the last fiscal year.
The meeting decided to distribute a 7% cash dividend (including tax) on ordinary shares and an 8.25% cash dividend (including tax) on NMB irredeemable cumulative preference shares, based on the paid-up capital.
The bank's paid-up capital for ordinary shares stands at Rs 19 billion 285 million 41 thousand 257.20, while the paid-up capital for preference shares is Rs 3 billion.
The proposed dividend will be distributed to the respective shareholders after approval from Nepal Rastra Bank and endorsement by the bank's upcoming annual general meeting.