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Bhutan National Bank hikes cash dividend for FY'17 YOY

Bhutan National Bank Ltd. raised its cash dividend for the year ended Dec. 31, 2017.

The bank's board proposed a dividend of 1.635 ngultrum per share, up from 1.34 ngultrum per share for the prior year.

The dividend has a payout ratio of 64.93%, the lender said in an April 18 report.

As of April 18, US$1 was equivalent to 65.70 Bhutan ngultrum.