NRB Provides Approval for 15 Percent Dividend of Swabalamban Laghubitta

October 9, 2024 | Investopaper

Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has informed about the dividend to the shareholders. The dividend declaration is from the fiscal year 2080/81.

Nepal Rastra Bank has given approval to the distribution of the dividend after the endorsement from the annual meeting. Now, the microfinance company has to receive approval from the upcoming Annual General Meeting (AGM) for the distribution of dividend.

The board meeting of the microfinance held on Ashwin 12, 2081 BS had 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).

As of Ashad’s end 2081 BS, SWBBL has a paid-up capital of Rs 145 crores. At this capital, the company is planning to distribute the bonus share worth Rs. 20.66 crores. Likewise, the cash dividend amounts to Rs. 1.08 crores.

From the previous fiscal year 2079/80, Swabalamban Laghubitta had distributed a 12.3599 percent bonus share and a 0.6505 percent cash dividend.

After the inclusion of the proposed bonus share, the capital will increase to Rs. 165.66 crores.


Suggested Readings:

Dividend History Of Swabalamban Laghubitta (SWBBL)

Swabalamban Laghubitta’s Performance In FY 2080/81

Dividend Announcement By Microfinance Companies Of Nepal

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