Reliance Finance to Skip Dividend from FY 2079/80

June 23, 2024 | Investopaper

Reliance Finance Limited (RLFL) has made an announcement about the dividend to the shareholders. The dividend decision is from the fiscal year 2079/80.

The finance has decided not to distribute any dividend to the shareholders from the accumulated profit of the previous fiscal year.

As of Ashad’s end 2080 BS, Reliance Finance has a paid-up capital of Rs 112.14 crores.

From the previous fiscal year 2078/79, RLFL had provided a 6.84 percent dividend, including a 6.5 percent bonus share and a 0.34 percent cash dividend (for tax purposes). Similarly,  from the fiscal year 2077/78,  Reliance Finance had distributed a 15.79 percent dividend, including a 15 percent dividend.

Likewise, in the fiscal year 2076/77, the company had provided a 10.53 percent dividend, including a 10 percent bonus share. Whereas, in the fiscal year 2075/76, Reliance finance had distributed a 6.58 percent cash dividend to the shareholders.


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