Mahalaxmi Bikas Bank Proposes to Distribute 7.48% Dividend of FY 2082/83; How Much is Bonus and Cash Dividend?
Summary
Mahalaxmi Bikas Bank has proposed a 7.48% dividend for fiscal year 2082/83, including 3.70% bonus shares and 3.78% cash dividend for tax purposes. The payout, worth Rs. 33.74 crore, will need approval from the central bank and the bank’s upcoming 25th AGM.
Key Points
- Mahalaxmi Bikas Bank Limited has proposed a total dividend of 7.48% for fiscal year 2082/83.
- The proposal includes 3.70% bonus shares worth Rs. 16.69 crore and 3.78% cash dividend worth Rs. 17.05 crore.
- The dividend is subject to approval from the central bank and endorsement at the company’s upcoming 25th AGM.
- The bank’s existing paid-up capital is Rs. 4.51 arba, and its share closed at Rs. 373 at the time of writing.
