Everest Bank Limited (EBL) has announced 30 percent bonus shares to its shareholders. A board meeting held on Thursday made this announcement which is subject to approval of Nepal Rastra Bank (NRB).
According to EBL, its board wished to pay a cash dividend too but could not do so as NRB’s recent directive requires it to maintain a minimum capital adequacy ratio of 11 percent after dividend payments have been made. “However, the monetary value of the proposed 30 percent bonus shares is substantially higher than last year’s payment of 50 percent cash dividend and 10 percent bonus shares.”
source: The Kathmandu Post,21 Sept 2012
No Posts Yet...
* marked are required fields