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    Nepal Stock ExchangeRight | Bonus | DividendShangrila Development Bank (SADBL) proposes a dividend of 10.5263 percent for fiscal...

    Shangrila Development Bank (SADBL) proposes a dividend of 10.5263 percent for fiscal year 2077/78

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    Development Bank Limited (SADBL) has recommended a dividend of 10.5263 percent for fiscal year 2077/78, which begins on July 1.

    Following a meeting of board of directors held on Ashoj 19, it was decided to distribute the dividend on the paid-up capital of 2736972420. The includes the distribution of 10 percent bonus shares and a 0.5263 percent cash dividend (for tax purposes). As a result, the bonus shares are worth slightly more than 27.36 crores, while the cash dividend is worth slightly more than Rs. 1.44 crores.

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    dividend be paid only if it has been approved by the central bank and approved by the company’s future annual general meeting. As of this writing, SADBL’s LTP is at 399.


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