NIC Asia Bank Announces Dividend of Last FY

Aug 28, 2019 11:33 AM Merolagani

NIC Asia Bank (NICA) has announced a dividend of the last FY. The 418th board of directors meeting of the bank held on August 28 decided to propose 21.0526 percent dividend to its shareholders.

The proposed dividend includes 10 percent stock dividend worth Rs 883.4 million and 11.0526 percent cash dividend worth Rs 976.414 million.

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

Presently, the bank has paid-up capital of Rs 8.834 billion that will reach Rs 9.717 billion after the bonus share distribution.

 

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