Mahalaxmi Bikas Bank Proposes to Distribute 7% Dividend of FY 2080/81; How Much is Bonus and Cash Dividend?

Mon, Dec 16, 2024 10:51 AM on Dividend, Bonus & Rights, NEPSE News, Latest,

Mahalaxmi Bikas Bank Limited (MLBL) has proposed a 7% dividend for the fiscal year 2080/81.

The 610th meeting of the board of directors held on Poush 01 has proposed a 7% dividend for the fiscal year 2080/81. 3% bonus shares worth Rs. 12.51 Crores and 4% cash dividends (for tax purposes) worth Rs. 16.68 Crores have been proposed. The company's existing paid-up capital is Rs. 4.17 Arba.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM.

As of writing, MLBL closed at Rs. 405.00.

Dividend History: