Kumari Bank Announces Dividend; Hints in Timely AGM

Aug 28, 2019 11:53 AM Merolagani

Kumari Bank (KBL) has announced a dividend of the last FY indicating timely AGM. The board of directors meeting of the bank held on August 28 decided to propose 10.526 percent dividend to its shareholders.

The bank will distribute 10 percent stock dividend worth Rs 868.557 million and 0.526 percent cash dividend for tax purpose to the shareholders.

The proposed dividend is subjected to approval from NRB and the upcoming AGM of the bank. Presently, the company has paid-up capital of Rs 8.68 billion that will reach Rs 9.55 billion after the stock dividend.

 

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