Kathmandu. Nepal Infrastructure Bank (NIB) has announced to distribute cash dividend to its shareholders from the profits of the last fiscal year.

The bank has announced to distribute cash dividend of 6.3158 percent (including tax) of the current paid-up capital. A meeting of the board of directors of the bank held on September 19 decided to distribute dividend at this rate.

At present, the paid-up capital stands at Rs 21.60 billion. The cash dividend will be distributed at the rate after it is approved by the Nepal Rastra Bank and the Ministry of Finance and approved by the upcoming Annual General Meeting. At present, the share price of the bank is around Rs 273 per share.