Shree Investment & Finance (SIFC) To Provide 11 Percent Dividend

December 1, 2021 | Investopaper

Shree Investment & Finance Limited (SIFC) has proposed the dividend to the shareholders. The dividend announcement is from the profit of the fiscal year 2077/78.

The board meeting of the company held on Mangsir 14, 2078 BS has declared an 11 percent dividend. The total dividend includes a 7.70 percent bonus share and a 3.30 percent cash dividend.

As of Ashad’s end  2078 BS, Shree Investment & Finance has a paid-up capital of Rs. 89.01 crores. At this capital, the total dividend is worth Rs. 9.79 crores. The company will distribute Rs. 6.85 crores bonus share and Rs. 2.93 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 2076/776, 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.

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