February 11, 2021 | Investopaper
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2076/77.
The microfinance company has proposed a 20 percent dividend. This includes a 15 percent bonus share and a 5 percent cash dividend. The bonus share is worth Rs 15.08 crores while the cash dividend amounts to Rs 5.02 crores (including tax). Hence, the company is planning to distribute Rs 20.1 crores as a dividend to the shareholders.
As of Ashad’s end 2077 BS, Deprosc Laghubitta has a paid-up capital of Rs 100.54 crores. After the adjustment of the 15 percent bonus share, the capital will increase to Rs 115.62 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 2075/76, Deprosc Laghubitta had distributed a 45 percent dividend to its shareholders, including a 30 percent bonus share and a 15 percent cash dividend.