Kamana Sewa Bikas Bank Proposes First Dividend of FY 2082/83, Announces 15% Cash Dividend
Summary
Kamana Sewa Bikas Bank Limited has proposed a 15% cash dividend for ordinary shareholders and a 9% proportionate dividend for preference shareholders for FY 2082/83. The payout is subject to approval from Nepal Rastra Bank and endorsement by the bank’s 20th Annual General Meeting.
Key Points
- Kamana Sewa Bikas Bank Limited is the first bank to announce a dividend for FY 2082/83.
- The bank has proposed a 9% proportionate dividend for preference shareholders and a 15% cash dividend for ordinary shareholders from accumulated profits.
- The dividend will be distributed after approval from Nepal Rastra Bank and endorsement by the bank’s 20th Annual General Meeting.
- CEO Dinesh Thakali said the proposal was approved at the bank’s 419th Board of Directors meeting.
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