Standard Chartered Bank Nepal Limited (SCB) has called its 35th AGM on 28th Mangsir, 2078. The meeting will be held in the company’s central office in New Baneshwor, Kathmandu, starting at 10 am that day.
Among other agendas, the AGM will endorse a 13.06% dividend for the fiscal year 2077/78. 10% bonus shares and 3.06% cash dividend have been proposed. The 417th meeting of the board of directors held on October 5 has decided to distribute the dividend.
Mangsir 10 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM. As of writing, SCB has an LTP of Rs. 520.