Agriculture Development Bank Announces Attractive Dividend

Dec 10, 2019 10:44 AM Merolagani

Agriculture Development Bank (ADBL) has announced attractive dividend to its shareholders. The board of directors meeting of the bank held on December 10 decided to propose 30 percent dividend to the shareholders.

The proposed dividend is 9 percent above the dividend of the previous FY. The bank will distribute 6 percent stock and 24 percent cash dividend including tax.

The bank has also proposed of distributing 6 percent dividend to the preference shares hold by the government.

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

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