10,60,511.33 units bonus shares of Miteri Development Bank Limited (MDB) have been listed in NEPSE.
The 16th AGM of the company held on 28th Poush, 2078 endorsed a 14% dividend for the fiscal year 2077/78. The 212th meeting of the board of directors held on Mangsir 22 decided to distribute the dividend on the paid-up capital of Rs. 79,73,76,937.50. From the paid-up capital, 13.3% bonus shares worth slightly over Rs 10.6 crores and 0.7% cash dividend (for tax) worth Rs 55.81 lakhs have been proposed.
The same bonus shares are now listed. Poush 14 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout. As of writing, MDB has an LTP of Rs. 505.
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