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NMB Bank Limited (NMB) has recommended a 10% dividend amounting to Rs. 1.83 Arba for the fiscal year 2081/82.
The Board of Directors (BoD) convened for its 499th meeting on Mangsir 05 and has resolved to distribute a 10% dividend based on the paid-up capital of Rs. 18.36 Arba. This includes 5% in bonus shares valued at Rs. 91.83 Crores and a 5% cash dividend (tax inclusive) also totaling Rs. 91.83 Crores.
It is important to note that the distribution of this dividend is contingent upon approval from the Nepal Rastra Bank and validation by the forthcoming AGM of the company.
At the time of this report, NMB is trading at an LTP of Rs. 237.00.
