Mahalaxmi Bikas Bank Limited has brought good news for its investors. The bank’s board of directors, during its meeting held on Kartik 17, decided to distribute a total of 10.37% dividend from the profit of the last fiscal year.
Out of the announced amount, 5% will be given as bonus shares, allowing shareholders to receive additional company shares. Similarly, 5.37% will be distributed as cash dividend, which also includes tax.
The bank stated that the proposed dividend will be handed out only after getting the necessary approval from the Nepal Rastra Bank and final approval from the upcoming Annual General Meeting (AGM).
This move reflects the bank’s steady financial performance and commitment to rewarding its investors for their continued trust and support.
