Nabil Bank announces 45% cash & 20% bonus shares for FY 2070/71

Nabil Bank Ltd has announced 65 percent dividend to its shareholders from the net profit that it has earned in last fiscal year 2070/71.

The top profit earner among the private commercial bank has said that it will distribute 45 percent cash dividend and 20 percent bonus shares to its shareholders.

The dividend proposed by the bank’s 393rd board of directors (BoD) meeting of the leading commercial bank of the country held on August 18 is, however, subject to the approval of Nepal Rastra Bank and the upcoming annual general meeting of Nabil Bank.

According to the unaudited financial results of the bank, its net profit has jumped to Rs 2.32 arba in last fiscal year, up from Rs 2.23 arba in the corresponding period of the previous fiscal year 2069/70.

Nabil Bank’s annualized EPS is at Rs 83.68, while its P/E ratio stands at 30.29 times and its net worth per share at Rs 296.

It had distributed 65 percent dividend – 40 percent cash and 25 percent bonus shares—to the shareholders in the last fiscal year also.-SSN