January 27, 2023 | Investopaper
Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
The microfinance company has proposed a 21.0526 percent dividend. The total dividend includes a 20 percent bonus share and a 1.0526 percent cash dividend. The company is planning to distribute the bonus share worth Rs. 2.43 crores. Likewise, the cash dividend amounts to Rs. 12.81 lakh and is for tax purposes.
As of Ashad’s end 2079 BS, Swabhimaan Laghubitta has a paid-up capital of Rs. 12.17 crores. After the inclusion of the bonus share, the capital will increase to Rs. 14.60 crores.
The dividend is subject to approval from Nepal Rastra Bank and the upcoming Annual General Meeting (AGM) of the company.
From the previous fiscal year 2077/78, Swabhimaan Laghubitta had distributed a 34 percent dividend, including a 32.30 percent bonus share and 1.70 percent cash dividend.