Standard Chartered Bank Nepal proposed 10% bonus share & 40% cash dividend

Standard Chartered Bank Nepal Limited is holding its Annual General Meeting on December 3, and has also announced the book closure for the same from October 30.
 The 311th meeting of the bank’s Board of Directors took the decision to this effect, according to a notice issued by the bank .

Standard Chartered, however, has not provided further details about the AGM.

Only those shareholders who own the shares of the bank till October 29 will be entitled to dividends to be offered by the bank.

It has 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.

The 310th meeting of the bank’s Board of Directors had taken the decision to this effect. The decision, however, is subject to the approval of Nepal Rastra Bank and the Standard Chartered Bank’s AGM.

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.

ANNOUNCEMENT

 

-sharesansar