Lumbini Bikas Bank Limited has scheduled its 14th Annual General Meeting for the 9th Poush of the year 2078. The meeting will take place at the company’s headquarters in Dillibazar, Kathmandu, and will begin at 11:15 a.m. on the scheduled day.
As part of its agenda, the AGM will approve a 13.712 percent dividend for the fiscal year 2077/78, which will be divided into two parts: a 13 percent bonus share worth Rs. 37.78 crore and a 0.6842 percent cash dividend for tax purposes worth slightly more than Rs. 1.98 crores.
The book will be closed on Mangsir 27, according to the calendar. As a result, shareholders who had their accounts in good standing before that date are eligible for the dividend payout and are welcome to attend the AGM.
As of this writing, LBBL’s LTP is at Rs. 562.