December 1, 2022 | Investopaper
ICFC Finance Company Limited has proposed the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
The finance has announced a 10 percent dividend. The total dividend includes a 5 percent bonus share and a 5 percent cash dividend.
As of Ashad’s end 2079 BS, ICFC Finance has a paid-up capital of Rs 112.71 crores. At this capital, the bonus share is worth Rs 5.63 crores while the cash dividend amounts to Rs 5.63 crores. Hence, the company is planning to distribute Rs 11.27 crores as dividends.
After the inclusion of the proposed bonus share, the paid-up capital of ICFC finance will rise to Rs 118.34 crores.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming AGM of the finance.
From the previous fiscal year 2077/78, the company had provided a 14 percent dividend, including a 10 percent bonus share and a 4 percent cash dividend. Likewise, in the fiscal year 2076/77, ICFC Finance had distributed a 15 percent dividend, including a 10.50 percent bonus share and a 4.50 percent cash dividend.