NRB Grants Permission for Dividend of Asha Laghubitta | Company to Distribute 15 Percent Dividend
October 8, 2024 | Investopaper
Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has informed about the dividend to the shareholders. The proposed dividend is from the fiscal year 2080/81.
Nepal Rastra Bank has given approval to the distribution of the dividend after the endorsement from the annual meeting.
The company has proposed a 15 percent dividend. The total dividend includes a 14.25 percent bonus share and a 0.75 percent cash dividend (for tax purposes).
Now, the microfinance company has to receive approval from the upcoming Annual General Meeting (AGM) for the distribution of dividend.
From the previous fiscal year 2079/80, ALBSL didn’t provide any dividend to the shareholders. Before that in the fiscal year 2078/79, the microfinance had distributed a 15 percent dividend, including a 14.2857 percent bonus share and a 0.7143 percent cash dividend. Similarly, from the 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 2081 BS, Asha Laghubitta has a paid-up capital of Rs 64.16 crores. After the adjustment of the proposed bonus share, the capital will rise to Rs 73.30 crores.
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