January 19, 2023 | Investopaper
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
The board meeting of the microfinance held on Magh 4, 2079 BS has proposed a 20 percent dividend. The total dividend includes a 15 percent bonus share and a 5 percent cash dividend (including for tax purposes).
As of Ashad’s end 2079 BS, Laxmi Laghubitta has a paid-up capital of Rs 38.4 crores. At this capital, the bonus share amounts to Rs 5.76 crores. Likewise, the cash dividend is worth Rs 1.92 crores.
From the previous fiscal year 2077/78, Laxmi Laghubitta had distributed a 27.3684 percent dividend, including a 20 percent bonus share and a 7.3684 percent cash dividend.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).