December 16, 2022 | Investopaper
Shree Investment & Finance Limited (SIFC) has proposed the dividend to the shareholders. The dividend announcement is from the profit of the fiscal year 2078/79.
The board meeting of the company held on Mangsir 29, 2079 BS has declared a 7.60 percent dividend. The total dividend includes a 2.40 percent bonus share and a 5.2 percent cash dividend.
As of Ashad’s end 2079 BS, Shree Investment & Finance has a paid-up capital of Rs. 95.86 crores. At this capital, the total dividend is worth Rs. 7.28 crores. The company will distribute Rs. 2.30 crores bonus share and Rs. 4.98 crores cash dividend.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM).
From the previous fiscal year 2077/78, SIFC had provided an 11 percent dividend including a 7.70 percent bonus share and a 3.30 percent cash dividend. In the fiscal year 2076/77, the finance distributed a 10.53 percent dividend. This included a 7.37 percent bonus share and a 3.16 percent cash dividend. Similarly, from the fiscal year 2075/76, Shree Investment & Finance had provided a 13 percent dividend, including a 2.35 percent bonus share and a 10.65 percent cash dividend.