Lumbini Bikas Bank Limited (LBBL) has proposed a 13.712 percent divident payout for the FY 2077-78.

The bank has a paid up capital of NRS 2.90 billon.

The 407th meeting of board of directors of the company held on October 25 (Kartik 8) decided to provide dividend to its shareholders on the aforementioned paid up capital.

The company has proposed to pay 10 per cent bonus shares worth Rs 29.06 crores and 3.712 per cent cash dividend (for tax purposes) worth Rs 1.078 millions.

The propsed dividend is subject to approval by the central bank and endorsement by the company's upcoming AGM.

As of Tuesday, LBBL has a last traded price of 540.