Standard Chartered Bank Limited (SCB) has proposed a 16% dividend for the fiscal year 2082/83.
The bank’s 494th Board of Directors meeting held on Kartik 09 decided to distribute a a 16% cash dividend including tax, based on the bank’s paid-up capital. The company currently has a paid-up capital of Rs. 10.04 arba.
The proposed dividend will be distributed only after receiving approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting (AGM).
As of the time of writing, SCB’s Last Traded Price (LTP) stands at Rs. 676.00.
