Siddhartha Bank announces 10.53% dividend for shareholders

Kathmandu: Siddhartha Bank has announced a 10.53 percent dividend for its shareholders.

A meeting of the bank’s Board of Directors held on October 7 decided to propose a 10.53 percent dividend based on the bank’s current paid-up capital.

Of the proposed dividend, 5 percent will be distributed as bonus shares and 5.53 percent as cash dividend (including for tax purposes).

The proposed dividend will be distributed to shareholders after approval from the Nepal Rastra Bank and the upcoming Annual General Meeting.