Dividend History Of First Microfinance Laghubitta (FMDBL)

INVESTOPAPER

First Microfinance Laghubitta (FMDBL) is a wholesale microfinance of Nepal. It started its operation from January 8, 2010 (Poush 24, 2066 BS) in Kathmandu as national level microfinance. It was licensed by Nepal Rastra Bank under the Bank and Financial Institution Act, 2073.

First microfinance is promoted by Global IME Bank Limited, Prabhu Bank Limited, Deva Bikas Bank Limited, ICFC Finance Limited, renowned bankers, Chartered accountants and professionals. Promoters hold 51 percent ownership in the company while the general public possess 49 percent shares.

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FMDBL has provided stable dividend to the shareholders since the issue of IPO to the general public. The dividend distribution has ranged from 12.63 percent to 17.89 percent. The table below presents the dividend history of First Microfinance Laghubitta Bittiya Sanstha Limited since the fiscal year 2068/69.

Dividend History Of First Microfinance Laghubitta (FMDBL)

Fiscal Year Cash Dividend (%) Bonus Share (%) Total Dividend  (%)
2068/69 15.79 0 15.79
2069/70 15 0 15
2070/71 15.79 0 15.79
2071/72 0.79 15 15.79
2072/73 0.79 15 15.79
2073/74 0.79 15 15.79
2074/75 12.63 0 12.63
2075/76 0.89 17 17.89
2076/77 4.18 9.5 13.68

Suggested Readings:

First Microfinance Latest Performance Report

Comparative study of 4 wholesale microfinance of Nepal

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