Prabhu Bank Limited (PRVU) has declared that it will not be issuing any dividends for the Fiscal Year 2079/80. The decision was reached during the Board Meeting held on Magh 08, 2080. It is important to note that the distribution of dividends is contingent upon the approval of the financial statements by Nepal Rastra Bank and the subsequent Annual General Meeting of the company.
As of the latest available information, PRVU closed at Rs. 159.90 yesterday. The decision to forgo dividends suggests a strategic choice by the bank, and investors will await further details during the Annual General Meeting for a comprehensive understanding of the financial position and considerations behind this decision.