Nepal Agro Laghubitta amends dividend; To distribute bonus share instead of cash dividend

September 17, 2019 | Investopaper

Nepal Agro Laghubitta (NAGRO) has amended the dividend of the fiscal year 2075/76. The microfinance has now proposed a 15 percent bonus share and 0.79 percent cash dividend to the shareholders.

Previously, the company declared the 15.79 percent cash dividend for the fiscal year 2075/76 on Bhadra 1, 2076.

Nepal Rastra Bank disapproved the cash dividend in order to maintain the capital adequacy.

Now, the company has proposed a bonus share of Rs. 74.66 lakhs and dividend for worth Rs. 3.93 lakhs.

Nepal Agro Laghubitta will distribute the dividend after receiving approval from NRB and the AGM of the company.

The company issued an IPO worth Rs. 1.61 crores to the general public on Baisakh 8, 2076.


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