Lumbini Bikas Bank (LBBL) proposes a dividend of 13.712 percent for fiscal year 2077/78.

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Lumbini Bikas Bank Limited (LBBL) has recommended a dividend of 13.712 percent for the fiscal year 2077/78, which begins on January 1, 2077.

During the 407th meeting of the of directors, which was conducted on Kartik 8, it was agreed distribute the Rs. 2.90 dividend on the paid-up capital. It has suggested to issue 10 percent bonus shares worth Rs 29.06 crores a 3.712 percent cash dividend (for bonus shares purposes) of Rs 10.78 crore.

The dividend will be paid only if it has approved the central bank approved the company’s future annual general meeting.

As of this writing, LBBL’s LTP is at Rs 521.

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