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Green Development Bank Limited (GRDBL) has put forth a dividend proposal of 8.46274% for the financial year 2081/82.
During the 238th meeting of the board of directors held on Mangsir 10, the decision was made to allocate 8.0396% in bonus shares and a 0.42314% cash dividend (for tax-related purposes) from the paid-up equity. With the company’s paid-up capital amounting to Rs. 56.96 crore, the bonus shares equate to Rs. 4.58 crore, while the cash dividend totals Rs. 24.10 lakhs.
It is important to note that this dividend will be disbursed only following approval from Nepal Rastra Bank and ratification by the forthcoming AGM. At the time of this writing, the company’s last traded price (LTP) is noted at Rs. 1,118.00.
