Mahalaxmi Bikas Bank declares 7.48% dividend
Kathmandu. Mahalaxmi Bikas Bank Limited has announced a dividend of 7.48 percent to its shareholders from the profit of the last financial year. The bank has proposed to distribute 3.7 percent bonus shares of the current paid-up capital and 3.78 percent cash dividend including tax purposes. The bank will distribute a total dividend of 7.48 percent, including bonus shares and cash dividend.
The meeting of the Board of Directors of the bank held on November 5 has decided to distribute the dividend.
The proposed dividend is subject to approval from Nepal Rastra Bank and upcoming Annual General Meeting (AGM) of the bank.
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