Prime Bank Announces Dividend

Nov 25, 2019 10:46 AM Merolagani

Prime Bank (PCBL) has announced a dividend of the last FY. The 384th board of directors meeting of the bank held on November 25 decided to propose 16 percent stock dividend to its shareholders.

The bank distributed the same percentage of dividend in the previous FY. As the bank has not proposed any cash dividend for tax purposes, the shareholders are required to pay tax by themselves.

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

Presently, the company has a paid-up capital of Rs 9.686 billion that will reach Rs 11.236 billion after the bonus share distribution.


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