Everest Bank has proposed a 20% dividend, including 14% cash and 6% bonus shares, from the profit of the last fiscal year.

Everest Bank Limited has declared a 20 percent dividend from the accumulated profit of the last fiscal year. The decision was made during the meeting of the bank’s board of directors held on Thursday.

According to the proposal, the bank will distribute a 14 percent cash dividend, which also covers the tax on bonus shares, along with a 6 percent bonus share to its shareholders.

The proposed dividend will be distributed to shareholders only after receiving approval from Nepal Rastra Bank and endorsement from the bank’s upcoming Annual General Meeting (AGM).

This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.