Mero Microfinance announces massive 42.10% dividend; Paid up capital to reach Rs 28.6 crore
- ShareSansar, August 9, 2017 on Dividend, Right & Bonus , Featured , Latest , Stock Market
Mero Microfinance Bittiya Sanstha Limited (MERO) has proposed 42.105 percent dividend to its shareholders from the profit it made in fiscal year 2073/74.
As per the notice published in Nepal Stock Exchange Limited (NEPSE) today, the BOD meeting of the company held on Shrawan 25 has decided to propose 30% stock and 12.105% cash dividend (including for tax pupose) to its shareholders.
However, the decision is subjected to approval from Nepal Rastra Bank (NRB) and its upcoming Annual General Meeting (AGM).
Last year, Mero Microfinance had distributed 10 percent stock and 10% cash dividends to its shareholders from the net profit it earned in the FY 2072/73.
Mero Microfinance has earned net profit of Rs 9.28 crore in the fourth quarter of the last fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 22 crore. After adjustment of 30% bonus share its paid capital will rise to Rs 28.6 crore.