Civic Development Bank to distribute 9 percent cash dividend

Civic Development Bank has formally approved 9 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year 2069/70.

The Annual General Meeting of the development bank held on Friday approved the dividend.

The development bank had posted a net profit of Rs 48.6 lakh in the last fiscal year, up from merely Rs 3.72 lakh in the previous fiscal year.

Its EPS (annualized) stands at 12.16 and its net worth per share at 113.39.
-sharesansar