For the fiscal year 2077/78, which begins on July 1, Nepal Investment Bank Limited (NIB) has suggested a dividend of 16 percent.
It was decided in the 554th meeting of the board of directors, held on Ashoj 17, to pay a dividend of Rs. 16.25 arba on the paid-up capital. It has been proposed to issue 11.24 percent bonus shares for Rs 1.82 arba and a 4.76 percent cash dividend (including tax) of Rs 77.38 crore, for a total of Rs 77.38 crore.
The dividend will only be paid if it has been approved by the central bank and the company’s annual general meeting in the future.