Dividend History Of Garima Bikas Bank Limited (GBBL)
With a decade-long consistent track record of reliable returns, GBBL remains one of the best choices for investment among development banks. Since the fiscal year 2067/68, the bank has been giving out dividends at an average rate of 17.654% each year. Investors have seen satisfactory returns, with the bank providing a total dividend of 229.51% over the past thirteen years.
Garima Bikas Bank (GBBL) has distributed dividend ranging from 10% to 25% in a year, including both bonus shares and cash dividend. Check out Garima Bikas Bank Limited’s dividend history spanning the last thirteen years, highlighting a consistent track of returns to shareholders.
Recently for the year 2023, Garima Bikas Bank (GBBL) has announced 10 percent dividend to its shareholders which includes 9.5% bonus share and 0.5% cash dividend. Notably, this dividend distribution has been approved by the company’s Annual General Meeting (AGM) on Jan, 2024.
Dividend History Of Garima Bikas Bank Limited (GBBL)
Analyzing dividend history is crucial for investors as it provides insights into a company’s financial stability, commitment to shareholders, and potential for consistent income in the future. So, the table below presents the dividend history Garima Bikas Bank (GBBL) since FY 2067/68.
| Fiscal Year | Bonus Share (%) | Cash Dividend (%) | Total Dividend (%) |
|---|---|---|---|
2079/80 | 9.5 | 0.5 | 10 |
2078/79 | 13 | 1.5 | 14.5 |
2077/78 | 16 | - | 16 |
2076/77 | 13.5 | 0.7105 | 14.21 |
2075/76 | 16.5 | 0.85 | 17 |
2074/75 | 10 | 3.75 | 13.75 |
2073/74 | 15 | - | 15 |
2072/73 | 20 | - | 20 |
2071/72 | 20 | - | 20 |
2070/71 | 20 | 1.05 | 21.05 |
2069/70 | 20 | 5 | 25 |
2068/69 | 15 | 15 | 25 |
2067/68 | - | 18 | 18 |
About the Company
Garima Bikas Bank Limited (GBBL) is a national level development bank established on 2064 B.S by a group of professionals and entrepreneurs from different fields including business, teaching, engineering, doctors, banking, accounting and management. The bank now is formed by the merger between Garima Bikas Bank and the then Nilgiri Bikas Bank Limited. And the bank is operating with 120 branches across Nepal.
Garima Bikas Bank has 56,805,175 units shares listed in Nepal Stock Exchange (NEPSE) and is traded as GBBL.
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