Chhimek Laghubitta proposes 44.33% dividend; Bonus worth Rs 32 crore and cash dividend worth Rs 20.31 crore

Wed, Sep 11, 2019 12:00 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Chhimek La...

Chhimek Laghubitta Bittiya Sanstha (CBBL) has proposed 44.33% dividend for its shareholders from the profit of FY 2075/76.

The 236th Board meeting held on Bhadra 24, 2076 has proposed to distribute bonus and cash dividend to its shareholders. The percentage and amount of dividend are as follows:

Bonus shares: 27.1186% worth Rs 32 crore

Cash Dividend: 17.2168% worth Rs 20.31 crore (including the amount for tax purposes)

Total dividend: 44.3354% worth Rs 52.31 crore

The dividend is being proposed as a percentage of its paid-up capital standing at Rs 1.18 arba. The proposal is subject to approval from Nepal Rastra Bank and its upcoming Annual General Meeting.

The company's dividend history is stated below: