Exciting News: Miteri Development Bank Announces 10% Dividend!
Big news for Miteri Development Bank Limited (MDB) shareholders! The bank has just announced a proposed 10% dividend for the fiscal year 2081/82, a move sure to please investors looking for solid returns.
The decision was made during the 264th board of directors meeting held on Ashwin 29. This cash dividend amounts to a significant Rs. 12.17 Crores, based on the paid-up capital of Rs. 1.21 Arba. That’s a substantial shareholder payout! Specifically, the proposed cash dividend (for tax purposes) will be distributed on the paid-up capital.
Of course, this exciting investment opportunity is still subject to approval from the central bank, Nepal Rastra Bank (NRB), and endorsement by the company’s upcoming Annual General Meeting (AGM). Investors should keep an eye out for further announcements regarding these key milestones. Stay tuned for the AGM details!
As of this writing, Miteri Development Bank’s (MDB) Last Traded Price (LTP) stands at Rs. 561.00. This stock price could be influenced by the positive dividend announcement, so keep a close watch on the market! This financial news could impact the stock market.
We’ll continue to provide updates on the Miteri Development Bank dividend situation as more information becomes available. Keep checking back for the latest banking news and investment advice. Don’t miss any updates on this financial institution! Keep an eye on this banking sector leader for future growth. This announcement is excellent news for shareholders and the banking industry in general. This is a great time to consider investing in MDB.
