NMB Bank Limited (NMB) proposes a dividend of 15.8 percent for fiscal year 2077/78.

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NMB Bank Limited (NMB) has proposed a 15.8% dividend for the 2077/78.

The 427th meeting of the board of directors held on Kartik 12 decided to distribute the dividend on the paid-up capital of Rs. 16.32 arba. 12.5% bonus shares Rs 2.04 and 3.3% cash dividend (including tax for bonus shares) worth Rs 53.87 crore been proposed.

The dividend will distributed only after approval by the central bank and endorsement by the company’s upcoming AGM.

As of writing, NMB has an LTP of Rs 413.

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