Forward Microfinance (FOWAD) Distributing Cash Dividend; Bonus Shares Will Be Distributed After Enlistment

Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) is distributing a 6.58% cash dividend to bank accounts of its investors. This is a portion of the dividend distributed for the fiscal year 2076/77.

The company distributed 31.58% dividend for the fiscal year 2076/77: 25% bonus shares and 6.58% cash dividend (including the amount for tax purposes) from the paid-up capital. Since the dividend was distributed on the paid-up capital of Rs. 50,04,15,400, the bonus shares amount to Rs. 12,51,03,850 and the cash dividend amounts to Rs. 3,29,27,333.32.

Investors who still hold physical shares of the company should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.

The company will also deposit bonus shares to Demat accounts of investors once they are listed in NEPSE.

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