ADBL Declares 10.53% Dividend: Bonus Shares and Cash Dividend for FY 2023/24

ADBL Declares Dividend Bonus
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19th December 2024, Kathmandu

Agriculture Development Bank Limited (ADBL) has announced a dividend for the fiscal year 2023/24. The decision was made by the bank’s board of directors during a meeting on 13 December.

ADBL Declares Dividend Bonus Cash

Based on the current paid-up capital, the bank has announced that it will distribute a total of 10.53% in dividends. This percentage is derived from the profits generated during the last fiscal year, reflecting the bank’s strong financial performance and its commitment to rewarding its shareholders.

The dividend distribution demonstrates the bank’s ability to generate sustainable returns and further strengthens its position as a reliable financial institution.

Breakdown of Dividend: Bonus Shares and Cash

The announced dividend will be allocated as follows:

Bonus Shares: 3% of the total paid-up capital will be distributed as bonus shares.

Cash Dividend: 7.53% will be provided as a cash dividend, which will include the necessary provisions for taxes on the payout.

Preference Shares Dividend Decision

Alongside the regular dividend, the board of directors has also approved an annual cash dividend of 6% on the non-redeemable preference share capital. This decision reflects the bank’s ongoing strategy to ensure consistent and strong returns for its investors.

By offering dividends across different share classes, the bank aims to reward all stakeholders and maintain investor confidence, further strengthening its financial position and appeal in the market.

Approval Process: Nepal Rastra Bank and AGM

The proposed dividend is still pending approval from Nepal Rastra Bank. After this, the dividend will be presented for final approval at the upcoming Annual General Meeting (AGM). Once the approvals are in place, the dividend will be distributed to shareholders.

Looking Ahead: Shareholders’ Benefits

This dividend announcement underscores the Agriculture Development Bank’s strong financial performance and continued commitment to rewarding its shareholders.

The approval process is underway, and shareholders can look forward to receiving their dividends once all necessary approvals are secured. This announcement further solidifies the bank’s position as a reliable financial institution in Nepal.

For more: ADBL Declares Dividend Bonus Cash


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