NIC Asia Bank Limited (NICA) has proposed a 15.78947% dividend for the fiscal year 2077/78.
The 511th meeting of the board of directors held on Kartik 8 decided to distribute the dividend on the paid-up capital of Rs. 11.56 Arba. 15% bonus shares worth Rs 1.73 Arba and 0.78947% cash dividend (for bonus shares tax purpose) worth Rs 9.12 crore have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company’s upcoming AGM.
As of writing, NICA has an LTP of Rs 836.