January 10, 2023 | Investopaper
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
The microfinance company has proposed a 21.052632 percent dividend. The total dividend includes a 10 percent bonus share and an 11.052632 percent cash dividend (including for tax purposes).
The bonus share is worth Rs 13.87 crores while the cash dividend amounts to Rs 15.33 crores. Hence, the company is planning to distribute Rs 29.21 crores as a dividend to the shareholders.
As of Ashad’s end 2079 BS, Deprosc Laghubitta has a paid-up capital of Rs 138.74 crores. After the adjustment of the proposed 10 percent bonus share, the capital will increase to Rs 152.61 crores.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM) of the microfinance.
From the previous fiscal year 2077/78, Deprosc Laghubitta had distributed a 21.053 percent dividend to its shareholders, including a 20 percent bonus share and a 1.053 percent cash dividend.