Kathmandu. Agricultural Development Bank (ADB) has announced a dividend to be distributed to shareholders from the profit of the last fiscal year. The bank has decided to distribute 13% dividend on its current paid-up capital.

Out of this offer, 3.25 percent will be bonus shares and 9.75 percent will be cash dividend. The dividend will be distributed after it is approved by Nepal Rastra Bank and endorsed by the next Annual General Meeting (AGM).

The meeting of the board of directors of the bank held on November 2 has decided to distribute the dividend at the rate of distribution. The meeting also decided to distribute 6 percent cash dividend to the existing non-refundable preference shares.