Siddhartha Bank Announces Dividend

Sep 17, 2019 11:45 AM Merolagani

Siddhartha Bank (SBL) has announced dividend of the last FY. The 323rd board of directors meeting of the bank held on September 16 decided to propose 25.26 percent dividend to its shareholders.

The bank will distribute 10 percent stock dividend worth Rs 885.7 million and 15.26 percent cash dividend worth Rs 1.35 billion to the shareholders.

The proposed dividend is subjected to approval from NRB and its upcoming AGM.

The bank has paid-up capital of Rs 8.88 billion that will reach Rs 9.77 billion after the bonus share distribution.

In the previous FY, the bank distributed stock dividend of 8.16 percent and cash dividend of 5 percent.

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