CYC Nepal Laghubitta Bittiya Sanstha Limited Proposes 13.43% Dividend for FY 2081/82

CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) has proposed a 13.43% dividend for the Fiscal Year 2081/82.

As per the notice published by the company, the 167th meeting of the board of directors on Poush 04 decided to distribute the dividend on the paid-up capital of Rs. 26.64 Crores, 12.76% bonus shares worth Rs. 3.39 Crores and 0.67% cash dividend (for tax purposes) worth Rs. 17.89 Lakhs from the accumulated profit of the microfinance financial institution up to the last financial year, i.e, 2081/82.

The decision taken by the BOD meeting of the company is subject to approval from Nepal Rastra Bank and the upcoming AGM of the company.

As of writing, CYCL has an LTP of Rs 1,572.00 .