Nabil Bank Proposes 11% Cash Dividend for FY 2079/80
Thu, Nov 23, 2023 10:56 AM on Dividend, Bonus & Rights, Latest,
Nabil Bank Limited (NABIL) has proposed an 11% cash dividend for the fiscal year 2079/80.
The 644th meeting of the board of directors held on Mangsir 07, 2080 decided to distribute the dividend on the paid-up capital of Rs. 27.05 Arba. 11% cash dividend (including tax) has been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, NABIL has an LTP of Rs. 561. This is one of the lowest dividend the bank has ever announced to their shareholders.
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