January 4, 2023 | Investopaper
Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
The board meeting of microfinance held on Poush 19, 2079 BS has proposed a 20 percent dividend. The total dividend includes a 19 percent bonus share and one percent cash dividend (for tax purposes).
As of Ashad’s end 2079 BS, NUBL has a paid-up capital of Rs 219.50 crores. At this capital, the bonus share is worth Rs 41.70 crores while the cash dividend amounts to Rs 2.19 crores. Hence, the company is planning to distribute Rs 43.90 crores in dividends.
After the inclusion of the proposed bonus share, the capital will increase to Rs. 261.20 crores.
From the previous fiscal year 2077/78, Nirdhan Utthan Laghubitta had distributed a 31.0526 percent dividend, including a 29.50 percent bonus share and a 1.5526 percent cash dividend.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming AGM of microfinance.