Forward Microfinance proposes 45% dividend

INVESTOPAPER

Forward Community Microfinance Bittiya Sanstha Limited has announced dividend to the shareholders. The dividend is from the profit of the fiscal year 2075/76. The board meeting held on Mangsir 15, 2076 made the decision about the dividend.

The microfinance has proposed a 45 percent dividend. This includes a 32.50 percent bonus share and a 12.50 percent cash dividend. The company will distribute the bonus share worth Rs. 12.27 crores. Likewise, the cash dividend is worth Rs. 4.72 crores.

The microfinance has a current paid-up capital of Rs. 37.77 crores. After the inclusion of the bonus share, the capital will increase to Rs. 50.04 crores.

Forward Community will distribute the dividend after the approval from Nepal Rastra Bank and the upcoming AGM.

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