NMB Bank Limited (NMB) will hold its annual general meeting on Poush 22 to approve a 15.8 percent dividend.


Bank Limited (NMB) has scheduled its 26th Annual General Meeting (AGM) for Poush 22.

The AGM will also approve the 15.8 percent dividend for the fiscal year 2077/78, among other items on the agenda. During the 427th meeting of the of directors, which was conducted on Kartik 12, it was agreed to release Rs. 16.32 Arba as a dividend on the paid-up capital. Bonus shares worth Rs 2.04 Arba and a 3.3 percent cash dividend (including bonus shares tax) worth Rs 53.87 crore have been proposed addition to the 12.5 percent bonus shares.

There is also a discussion about increasing the company’s existing issued capital on the agenda.

As of this writing, no date has been set for the dividend and annual general meeting book closing. Earlier today, the ordinary shares closed at Rs. 374 apiece.

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