Dividend announcement of Jyoti Vikas Bank
Jyoti Vikas Bank Limited (JBBL) has declared a dividend to be distributed to the shareholders from the last financial year’s profit.
The bank has announced a total dividend of 15.5 per cent of the existing paid-up capital, including 11 per cent bonus shares and 4.5 per cent cash dividend, including tax on soma.
A meeting of the company’s board of directors held on December 26 decided to distribute dividend at that rate.
The dividend will be distributed after it is approved by the Nepal Rastra Bank and passed by the next annual general meeting.
At present, the paid up capital of the bank is Rs. 3.84 billion 48.22 million. After the distribution of bonus shares at the rate of 11 percent, the paid up capital of the bank will reach Rs. 4 billion 267.73 million.