Dividend History of Laxmi Bank Limited (LBL)
Laxmi Bank Limited (LBL) has distributed dividend to its shareholders at an average of 12.51% per year within the last eleven fiscal years. Laxmi Bank dividend history is satisfactory when compared to returns provided by other companies listed in Nepal Stock Exchange (NEPSE). The bank has distributed dividend in the form of bonus shares and cash dividend but has focused on distributing bonus shares most of the time.
Laxmi Bank distributed highest dividend of 21.05% for the fiscal year 2070/71 which included 20% bonus shares and 1.05% cash dividend. Its dividend history ranges from 0% to 21.05% within the last eleven fiscal years.
Dividend History of Laxmi Bank (LBL)
The table below presents the dividend history of Laxmi Bank Limited (LBL) since fiscal year 2067/68. Laxmi Bank has distributed dividend consistently to its shareholder within the last six fiscal years. The bank has not provided any returns to the investors for the fiscal year 2071/72.
| Fiscal Year | Bonus Shares (%) | Cash Dividend (%) | Total Dividend (%) |
|---|---|---|---|
| 77/78 | 8 | 3.5 | 11.5 |
| 76/77 | 9 | 2.5 | 11.5 |
| 75/76 | 10 | 5 | 15 |
| 74/75 | 8.5 | 0.45 | 8.95 |
| 73/74 | 10 | 0.53 | 10.53 |
| 72/73 | 18.29 | 0 | 18.29 |
| 71/72 | 0 | 0 | 0 |
| 70/71 | 20 | 1.05 | 21.05 |
| 69/70 | 15 | 0 | 15 |
| 68/69 | 0 | 10 | 10 |
| 67/68 | 5 | 10.79 | 15.79 |
About the Company
Laxmi Bank Limited (LBL) is a “A” class commercial bank of Nepal established in April 2002. Laxmi Bank has merged with several finance companies and development banks till date and has a market capitalization of NPR 22.29 Billion at present. 51% of the ownership is held by promoters group and 49% by general public. The bank has 115,513,451 unit shares listed in NEPSE and is traded as LBL in share market.
Major Shareholders of Laxmi Bank Limited (LBL) is as follows.
| Laxmi Corp Nepal Pvt. Ltd. | 14.60% |
| Sneha Khetan | 11.30% |
| Citizen Investment Trust | 8.68% |
| Sarika Khetan | 7.82% |
As per the latest financial report of Laxmi bank for fiscal year 2078/79, the company has posted a net profit of Rs 1.60 billion and has a distributable profit of Rs 1.25 Billion. The company has earning per share (EPS) of Rs 13.88 and net worth per share of Rs 147.69. Laxmi Bank has dividend capacity of 10.86% for fiscal year 2078/79.
Key Financial Ratios of Laxmi Bank (LBL) for fiscal year 2078/79
| Earning Per Share (EPS) | Rs 13.88 |
| Net Worth Per Share | Rs 147.69 |
| Dividend Capacity | 10.86 |
Share Price of Laxmi Bank (LBL) as on 26 September 2022 is Rs 193.00 per share and was the stock with highest turnover in this date.
Read More : Dividend History of Prime Commercial Bank Limited (PCBL)