Miteri Development Bank Limited (MDB) has put forward a dividend proposal for the fiscal year 2079/80, suggesting a dividend payout of 10%. This proposal emerged following the deliberations of the 234th board of directors meeting, which took place on Kartik 22. The proposed dividend pertains to the paid-up capital of the bank, which stands at Rs. 1.01 Arba. Within this 10% dividend allocation, 9.5% will be distributed in the form of bonus shares, while the remaining 0.5% will be disbursed as a cash dividend, primarily for tax purposes.
It’s important to note that the final distribution of this proposed dividend is contingent on approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). As of the latest available data, MDB’s Last Traded Price (LTP) stands at Rs. 392.30. For reference, the bank’s dividend history is not provided in the available information.
Highlights:
- TPC Proposes 100% Rights Share Issuance for Hydropower Project and Investments
- SHINE Bank Proposes 11.05% Dividend for Fiscal Year 2079/80
- Universal Power Company Limited (UPCL) Announces AGM with Dividend Declarations and Key Agendas
- United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80
- Unilever Nepal Proposes NPR 1,714 Dividend Per Share for FY 2080/81