Standard Chartered Bank's 10% bonus share, 40% cash dividend warrants from today

Standard Chartered Bank Nepal Limited will distribute bonus share certificates and cash dividend warrants from today to the shareholders from the net profit the commercial bank earned in the last fiscal year 2069/70.

Issuing a notice today, the bank has stated that the share certificates and cash warrants will be distributed from 10:00 AM to 1:00 PM except for public holidays.

The bank’s Annual General Meeting held on December 3 had  proposed 50 percent dividend – 10 percent bonus share and 40 percent cash – to its shareholders from the profit it earned in the last fiscal year 2069/70.

It may be noted here that both the bonus shares and cash dividend proposed by Standard Chartered this year are 5 percent lesser than the same they had offered to the shareholders from the net profit it posted in the previous fiscal year.

The bank had distributed 60 percent dividend -- 15 percent bonus share and 45 percent cash dividend -- to the shareholders last year.
-sharesansar