Agriculture Development Bank to Distribute 13% Dividend from Last Fiscal Year’s Profit

Agriculture Development Bank Limited (ADBL) has announced a 13 percent dividend for its shareholders from the profit of the last fiscal year. Out of the total, 3.25 percent will be distributed as bonus shares, while the remaining 9.75 percent, including applicable taxes, will be paid as cash dividends.
The decision was made during the board meeting held on Kartik 19. Additionally, the meeting decided to distribute a 6 percent annual cash dividend on the existing non-redeemable preference share capital. The proposed dividend will be distributed after approval from Nepal Rastra Bank and endorsement by the upcoming Annual General Meeting.