Dividend revision of Lumbini Building Financial institution, higher bonus price

Dividend revision of Lumbini Development Bank, increased bonus rate

November 28, 2078 13:33 VikasNews

Kathmandu. The dividend proposed by Lumbini Development Bank has been amended. Nepal Rastra has directed the bank to amend the proposed dividend.

As per the revised dividend, the bank will now distribute 13.68 percent dividend to the shareholders. Which is lower overall than the previous proposed dividend. But the revised bonus share is more than the proposed bonus share.

As per the revised dividend, the bank has proposed to distribute 13 percent bonus and 0.6842 percent cash (including tax) dividend to the shareholders. Which NRB has to revise again.

Earlier, the company had proposed to distribute 10 percent bonus and 3.712 percent cash dividend of the paid-up capital.

Along with this, the revised 13.6842 percent dividend has to be approved by NRB and passed by the next annual general meeting of the organization.


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