Kumari Bank Limited proposed 33% bonus share & 1.74% cash dividend for FY 2070/71

Kumari Bank Limited has proposed impressive 33 percent bonus share and 1.74 percent cash dividend to cover for the tax to its shareholders from the profit it posted in the last fiscal year 2070/71.

A meeting of its Board of Directors held today decided to propose this dividend.

Though Kumari had posted a modest profit growth of 17 percent by the fourth quarter of last fiscal year 2070/71, the dividend has made its shareholders happy.

The price of the scrip has been sharply rising over the recent days, and today itself it is having one of the top turnovers in the market.

Last year, it had offered just 14 percent bonus share.- SSN