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35% Cash Dividend & 50% Bonus Share: Nabil Bank proposes !
Published by Octron on August 20, 2009
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The much needed booster comes from NABIL today, after SCB announcement last week. The BOD meeting which took place on 20th August 2009, proposed 35% cash dividend and 50% Bonus Share to all existing share holders of NABIL Bank. Nabil bank had made Rs. 1.03 Billion Profit this quarter (FY 065/066), followed by SCB. After SCB proposal for 50% bonus share, investors were expecting similar gesture and finally the BOD complied with the investors interest. Though, SCB is proposing 50% Cash Dividend, Nabil on the other hand is giving only 35% Cash Dividend. The BOD meeting decision to provide 35% cash dividend and 50% bonus share is subject to approval from Nepal Rastra Bank and upcoming AGM. Same is the case of SCB too.
Nabil was trading at Rs. 4,905 on 20th August, 2009. After SCB BOD meeting news, both Nabil and SCB saw an immediate growth in their share prices for a day or two. Recent news of Citizen International Bank giving 1:1 right share, also boosted CZBIL price to some extent, now with this news sure NABIL too might get some boost.
Congratulation to NABIL share holders.
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