Everest Bank Limited has proposed to distribute 5 percent bonus shares and 10 percent cash dividend to its shareholders from the accumulated profit of the fiscal year 2082/83.
Everest Bank Limited is going to give out dividends to its shareholders. The bank board of directors held their 402nd meeting on Thursday and proposed to distributing 5 percent bonus shares and 10 percent cash dividend from the accumulated profit of the fiscal year 2082/83.
Approval from Central Bank and AGM
The bank decided to seeking permission from Nepal Rastra Bank for this proposed dividend distribution. After the central bank gives the approval, this proposal will be put forward in the upcoming Annual General Meeting of the bank for final approval from shareholders.
Capital Details and Tax
The bank is proposing this dividend based on its current paid-up capital of Rs. 13 Arba 72 Crore 13 Lakh 75 Thousand 924. Under this proposal, shareholders will get 5 percent bonus shares and 10 percent cash dividend. The bank also cleared that the proposed 10 percent cash dividend already includes the tax amount required for the bonus shares.
This whole dividend plan will only be implemented after Nepal Rastra Bank approves it and the upcoming Annual General Meeting passes the proposal.
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.
