Kamana Sewa Bikas Bank has officially proposed cash dividend for its shareholders from the profit of fiscal year 2082/83, making it the first bank to declare dividend in the current season.
Kamana Sewa Bikas Bank has proposed to distributing cash dividend to its shareholders from the profits earned in the fiscal year 2082/83. With this announcement, the bank has successfully become the very first bank to declare dividend in the ongoing dividend season.
Proposed Dividend Details
The board of directors meeting of the bank decided to propose a cash dividend. They have proposed 9 percent cash dividend, which includes tax, for the preference shareholders. For the ordinary shareholders, the bank has proposed a 15 percent cash dividend, which also includes the tax amount.
Approval and Distribution
This proposed dividend will not be distributed to the shareholders immediately. It will only be given out after it gets approved from Nepal Rastra Bank and then passed by the upcoming 20th annual general meeting of the bank.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
