Sana Kisan Bikas Bank proposes 26% dividend, including 15% bonus shares

Sana Kisan Bikas Bank has proposed 26 percent dividend, including 15 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year 2069/70.

A just held meeting of the micro finance development has decided to pledge this dividend, which, however, is subject to the approval of the central bank and the upcoming AGM of the development bank.

Sana Kisan Bikas Bank Limited had posted a net profit of Rs.2.29 crore in the first quarter of the current fiscal year 2070/71, though its report for the last fiscal year is not available.

It may be noted that the primary share investors of Sana Kisan Bikas Bank’s ordinary shares gained six times the original investment on the very first day its IPO was listed for trading at stock exchange in October.

The share price of Sana Kisan Bikas Bank that had opened at Rs 550 reached Rs 605 by the time of closing.

Investors who had purchased the shares during the bank’s initial public offering (IPO) back in July at a face value of Rs 100 have earned 600 per cent extra on their investment. -SSN