Shangrila Development Bank Proposes 3.84% Dividend for FY 2080/81

Shangrila Development Bank Limited (SADBL) has proposed a 3.84% dividend worth Rs. 13.18 crores for the fiscal year 2080/81.

The 351st meeting of the board of directors held on Poush 02 decided to distribute the dividend on the paid-up capital of Rs. 3.43 Arba. 3.65% bonus shares and 0.19% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 12.52 crores and the cash dividend is worth a little over Rs. 65.93 lakhs.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, SADBL has an LTP of Rs. 419.00.

Dividend History: