Nirdhan Utthan Announces Dividend

Sep 28, 2018 Merolagani

Nirdhan Utthan (NUBL) has announced dividend of the last FY. The 238th board of directors meeting of the company held on September 27 has decided to propose 42.11 percent dividend to its shareholders.

The company will distribute 20 percent stock and 22.11 percent cash dividend including tax to the shareholders.

In the previous FY, the company distributed 66.67 percent stock and 14.04 percent cash dividend.

The proposed dividend is subjected to approval from NRB and the upcoming AGM of the company.

Presently, the company has a paid-up capital of Rs 1 billion that will reach Rs 1.2 billion after the bonus share distribution.

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