Standard Chartered book closure from today & AGM on Dec 3, 10% bonus share & 40 percent cash proposed

Standard Chartered Bank Nepal Limited has announced the book closure from today in run up to its Annual General Meeting slated for December 3.

Only those shareholders who own the shares ofthe 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.

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