ITAHARI: DEC. 9 – For the fiscal year 2077/78, Miteri Development Bank Limited (MDB) has proposed a 14 percent dividend.
The 212th meeting of the board of directors held on Mangsir 22 decided to distribute the dividend on the paid-up capital of Rs. 79,73,76,937.50. 13.3 percent bonus shares worth little more than Rs 10.6 crores and 0.7 percent cash dividend (for tax) of Rs 55.81 lakhs have been recommended from the paid-up capital.
The dividend will be paid only after clearance from the central bank and approval from the company’s next AGM. MDB currently has an LTP of Rs. 527.