Central Finance To Provide 5 Percent Dividend

December 21, 2022 | Investopaper

Central Finance Limited (CFL) has proposed the dividend to the shareholders. The dividend announcement is from the fiscal year 2078/79.

The board meeting of the company held on Poush 3, 2079 BS has proposed a 5 percent dividend. The dividend will be in the form of cash.

As of Ashad’s end 2079 BS, Central Finance has a paid-up capital of Rs 94.88 crores. At this capital, the cash dividend amounts to Rs 4.74 crores.

From the previous fiscal year 2077/78, the finance had provided an 11 percent dividend, including a 7.70 percent bonus share and a 3.30 percent cash dividend. Similarly, in the fiscal year 2076/77, CFL had distributed a 10 percent dividend, including a 7 percent bonus share and a 3 percent cash dividend. Likewise, in the fiscal year 2075/76, the company had provided a 7 percent cash dividend to the shareholders.

The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM) of the finance.

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