Green Development Bank Announces Dividend Payout for Shareholders
Green Development Bank has proposed a new dividend package, including bonus shares and cash for tax purposes, pending regulatory and AGM approval.
Green Development Bank Ltd. (GRDBL) has announced a dividend proposal for its shareholders based on earnings from the previous fiscal year.
The bank has recommended an 8.0396% stock dividend (bonus shares) along with a 0.42314% cash dividend intended solely for tax obligations arising from the bonus distribution. The proposal was approved during the board meeting held on Mangsir 10.
The dividend will be distributed once the plan receives formal approval from the Nepal Rastra Bank and is endorsed by the bank’s upcoming Annual General Meeting (AGM). GRDBL continues to prioritize shareholder returns while aligning with regulatory requirements.