Sana Kisan Bikas Laghubitta Revises Dividend from FY 2079/80

December 14, 2023 | Investopaper

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has revised the dividend to the shareholders from the fiscal year 2079/80.

The microfinance has proposed a 15 percent dividend. The total dividend includes a 14.25 percent bonus share and a 0.75 percent cash dividend (for tax purposes). The company is planning to distribute Rs 47.47 crores worth of bonus shares and Rs 2.49 crores worth of cash dividend.

Earlier, the company had proposed a 20 percent dividend. The total dividend included a 15 percent bonus share and a 5 percent cash dividend (including for tax purposes). However, as per the direction of Nepal Rastra Bank, the company has amened the dividend.

From the previous fiscal year 2078/79, SKBBL had distributed a 27.368421053 percent dividend, including a 26 percent bonus share and a 1.368421053 percent cash dividend.

As of Ashad’s end 2080 BS, Sana Kisan Bikas Laghubitta has a paid-up capital of Rs. 333.16 crores. After the inclusion of the bonus share, the capital will increase to Rs. 383.13 crores.

The dividend is subject to approval from Nepal Rastra Bank and the upcoming AGM of microfinance.

Suggested Readings:

Dividend History Of Sana Kisan Bikas Laghubitta (SKBBL)

Comparative study of 4 wholesale microfinance of Nepal


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