Shangrila Development Bank Announces Attractive Dividend for FY 2081/82!
Exciting news for Shangrila Development Bank Limited (SADBL) shareholders! The bank has just announced a proposed dividend of 10.3583%, amounting to a significant Rs. 36.83 crores for the fiscal year 2081/82. This announcement is sure to be welcomed by investors looking for strong returns.
The decision was made during the 374th board of directors meeting held on Kartik 28. The proposed dividend distribution is based on the paid-up capital of Rs. 3.55 Arba. The breakdown includes a 5% bonus share component, translating to a little over Rs. 17.78 crores. In addition to the bonus shares, a 5.3583% cash dividend, intended to cover tax obligations, has also been proposed, which is worth Rs. 19.05 Crores. This represents a substantial investment opportunity for current and potential shareholders.
It’s important to note that this dividend proposal is still subject to approval from the central bank and endorsement during the company’s upcoming Annual General Meeting (AGM). Investors should keep an eye out for further announcements regarding the AGM details and the final approval of the dividend payout.
As of writing, the Last Traded Price (LTP) of SADBL is Rs. 391.10. Keep track of the stock market and share prices to make informed investment decisions. This proposed dividend could potentially influence stock valuation, so stay updated with the latest financial news and market trends.
This announcement showcases Shangrila Development Bank’s commitment to delivering value to its shareholders through consistent financial performance and attractive dividend yields. Be sure to conduct thorough financial analysis and due diligence before making any investment decisions related to SADBL shares.
