First Microfinance to Provide 9.47 Percent Dividend
October 30, 2024 | Investopaper
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced the dividend to the shareholders. The dividend is from the profit of the fiscal year 2080/81.
The board meeting of the company held on Karthik 13, 2081 BS has declared a 9.47 percent dividend.
The total dividend includes a 9 percent bonus share and a 0.47 percent cash dividend (for tax purposes). The bonus share is worth Rs. 11.10 crores. Likewise, the cash dividend amounts to Rs 58.44 lakhs.
As of Ashad’s end 2081 BS, First microfinance has a paid-up capital of Rs. 123.38 crores. After the adjustment of the proposed bonus share, the capital will rise to Rs. 134.48 crores.
The company will distribute the dividend after the approval from NRB and the upcoming AGM.
From the previous fiscal year 2079/80, FMDBL had distributed a 15 percent dividend, including a 7.5 percent bonus share to the shareholders.
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