ICFC Finance Announces 6.5 Percent Cash Dividend
December 10, 2023 | Investopaper
ICFC Finance Company Limited has proposed the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.
The finance company has announced a 6.5 percent dividend. The total dividend will be in the form of cash.
As of Ashad’s end 2080 BS, ICFC Finance has a paid-up capital of Rs 118.37 crores. At this capital, the cash dividend amounts to Rs 7.69 crores.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming AGM of the finance.
From the previous fiscal year 2078/79, the finance had distributed a 10 percent dividend, including a 5 percent bonus shares. Similarly, in the 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.
