December 23, 2022 | Investopaper
Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
The microfinance company 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, Sadhana Laghubitta has a paid-up capital of Rs. 32.12 crores. At this capital, the bonus share amounts to Rs 6.10 crores while the cash dividend is worth Rs 32.12 lakhs. Hence, the company is planning to distribute Rs 6.42 crores in dividends.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming AGM of microfinance.
From the previous fiscal year 2077/78, the company had provided a 26.32 percent dividend, including a 25 percent bonus shares. Likewise, in the fiscal year 2076/77, SDLBSL had distributed a 20 percent dividend, including a 19 percent bonus shares.
After the adjustment of the proposed 19 percent bonus share, the capital will rise to Rs 38.22 crores.