Miteri Development Bank has decided to offer a total of 11 percent dividend to its shareholders based on the company’s paid-up capital.
Details of the Dividend Proposal
The 276th meeting of the Board of Directors of Miteri Development Bank held on Asoj 10 has made a decision to distribute dividends. The bank is currently having a paid-up capital of Rs. 1 arba 21 crore 71 lakh. Based on this amount, the board proposed to give 11 percent dividend to the shareholders.
The proposed dividend package is divided into two parts. Shareholders will receive 5 percent in the form of bonus shares and 6 percent as cash dividend. The cash portion includes the required taxes as well.
Final Approval Process
This proposal needs to get approval from the Nepal Rastra Bank first. After getting the approval, the bank will present it to the upcoming 21st annual general meeting. The dividend will be distributed to shareholders once it is passed by the general meeting.
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.
