First Microfinance Proposes 15 Percent Dividend from FY 2079/80
November 30, 2023 | 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 2079/80.
The board meeting of the company held on Mangsir 13, 2080 BS has declared a 15 percent dividend.
The total dividend includes a 15 percent bonus share and a 7.5 percent cash dividend (for tax purposes as well). The bonus share is worth Rs. 8.6 crores. Likewise, the cash dividend amounts to Rs 8.6 crores
As of Ashad’s end 2080 BS, First microfinance has a paid-up capital of Rs. 114.77 crores. After the adjustment of the proposed bonus share, the capital will rise to Rs. 123.37 crores.
The company will distribute the dividend after the approval from NRB and the upcoming AGM.
From the previous fiscal year 2078/79, FMDBL had distributed a 20 percent dividend, including a 19 percent bonus share to the shareholders.
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