Agriculture Development Bank Announces Dividend

Jan 11, 2019 Merolagani

Agriculture Development Bank (ADBL) has announced dividend of the last FY. The 728th board of directors meeting of the bank held on January 11 decided to propose 21.053 percent dividend to its shareholders.

The bank will distribute 15.05 percent cash and 6 percent stock dividend. Moreover, the bank has proposed of providing 6 percent cash dividend to Nepal Government for its preference share in the bank.

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

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