Asha Laghubitta Revises Dividend From FY 2078/79

February 28, 2023 | Investopaper

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has amended the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.

The company has proposed a 15 percent dividend. The total dividend includes a 14.2857 percent bonus share and a 0.7143 percent cash dividend (for tax purposes).

Previously, the company had announced a 21.0526 percent dividend. The total dividend included a 20 percent bonus share worth Rs 6.67 crores and a 1.0526 percent cash dividend that amounted to Rs 35.14 lakhs (for tax purposes). However, as per the direction of Nepal Rastra Bank, the company has amended the dividend.

The dividend is subject to approval from the upcoming Annual General Meeting (AGM) of the microfinance.

From the previous fiscal year 2077/78, Asha Laghubitta had provided a 26.3158 percent dividend, including a 25 percent bonus share and a 1.3158 percent cash dividend.

Likewise, in the fiscal year 2076/77, ALBSL had distributed a 15.79 percent dividend which included 15 percent bonus shares and a 0.79 percent cash dividend (for tax purposes). Similarly, in the fiscal year 2075/76, the microfinance company had provided a 12.63 percent dividend to the shareholders, including 12 percent bonus shares.

At the end of Ashad 2079 BS, Asha Laghubitta has a paid-up capital of Rs 33.39 crores. After the adjustment of the proposed bonus share, the capital will rise to Rs 38.16 crores.


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