NESDO Sambridha Laghubitta Revises Dividend | To Provide 15 Percent Cash Dividend
August 6, 2023 | Investopaper
NESDO Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has revised the dividend to the shareholders. The dividend announcement is from the fiscal year 2078/79.
The microfinance has proposed a 15 percent dividend. The total dividend will be in the form of cash.
Earlier, the company had declared a 73.6842 percent dividend, including a 50 percent bonus share and a 23.6842 percent cash dividend (including for tax purposes). However, Nepal Rastra Bank suspended the dividend proposed by the company allowing to distribute 17.9342 percent dividend from fiscal year 2078/79.
As of Ashad’s end 2079 BS, NESDO Sambridha Laghubitta has a paid-up capital of Rs. 25.25 crores.
The company will distribute the dividend after the approval from Nepal Rastra Bank and the upcoming AGM of microfinance.
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