Standard Chartered Bank has declared 13.06 percent dividend

Oct Tue 2021 10:52:19

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Standard Chartered Bank has declared 13.06 percent dividend

Kathmandu. Standard Chartered Bank has proposed a total dividend of 13.06 percent from the profits of the last fiscal year 077/78. The meeting of the Board of Directors of the bank has proposed to distribute 10 percent bonus share and 3.6 percent cash dividend including tax purposes. The proposed dividend will be distributed after the approval of Nepal Rastra Bank and the approval of the next annual general meeting of the bank. 

Previous fiscal year 2076/077 Standard Chartered Bank distributed only 11.84 percent dividend as bonus is 7 and cash is 4.84 percent. The bank has proposed to pay a dividend of 7.08 percent less than its capacity.