Miteri Development Bank to distribute 31.48 Stock Dividend

Sep 07, 2017 Merolagani

Miteri Development Bank (MDB) is distributing 33.14 percent dividend to its shareholders. The board of directors meeting held on September 6 decided to propose 31.48 percent stock and 1.66 percent cash dividend to its shareholders.

The bank proposed of distributing Rs 119.7 million worth of stock dividend and Rs 6.3 million worth of cash dividend to the shareholders. The paid-up capital of the bank which is Rs 380.2 million at present will reach Rs 500 million after the bonus distribution. The bonus announcement is supposed to approve from NRB and upcoming AGM of the bank.

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