Green Development Bank Announces Exciting Dividend for Fiscal Year 2081/82
Great news for Green Development Bank Limited (GRDBL) shareholders! The bank has just announced a proposed dividend of 8.46274% for the fiscal year 2081/82. This announcement is bound to excite investors interested in banking stocks and financial investments in Nepal.
In a recent meeting (the 238th to be exact) held on Mangsir 10, the board of directors decided on the dividend distribution. The plan includes issuing 8.0396% in bonus shares and a 0.42314% cash dividend specifically designated for tax purposes.
Let’s break down the numbers. With a paid-up capital of Rs. 56.96 crore, the bonus shares are valued at approximately Rs. 4.58 crore. The cash dividend component amounts to Rs. 24.10 lakhs. This is positive news for those holding GRDBL shares.
Important Disclaimer: It’s crucial to remember that this proposed dividend is still subject to approval. First, the Nepal Rastra Bank (NRB) needs to give its nod. Then, the company’s upcoming Annual General Meeting (AGM) must endorse it. So, while the news is promising, keep in mind that the final decision rests with these approvals. Stay updated on stock market news to know when the dividend gets approved.
As of the time of this writing, Green Development Bank Limited’s Last Traded Price (LTP) stands at Rs. 1,118.00. If you’re considering investing in Nepal or looking for investment opportunities, keep an eye on GRDBL and its dividend plans. This announcement may influence share prices and investment decisions. It is recommended to check regularly for stock market updates on reliable sources.
