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Machhapuchchhre Bank declares dividend

Kathmandu. Machhapuchchhre Bank has announced to distribute dividend to its shareholders from the profit of the financial year 2082-83. The bank has proposed to distribute a total dividend of 6 percent.

The 564th meeting of the Board of Directors of the bank held on September 10 has proposed to distribute 3% bonus shares and 3% cash dividend on the paid-up capital of the bank.TAG_OPEN_div_14

According to the bank, Rs TAG_OPEN_div_12 36,25,86,347 will be distributed to the shareholders for a cash dividend of 3 percent. Similarly, a dividend of 3 percent of the paid-up capital has been proposed for bonus shares.

Similarly, the bank has proposed a cash dividend of 8.25 per cent for the preference shareholders. The dividend amount is Rs 7,45,89,041. The dividend of the preference shares will be paid proportionately for the period from the date of allotment of shares to the end of July 2083.

{{TAG_OPEN_div_8} The proposed dividend will be distributed only after approval from the Nepal Rastra Bank and approval by the upcoming Annual General Meeting of the Bank. The bank will distribute the dividend from the distributable profit maintained at the end of the last fiscal year and the amount available in the share premium account.

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