Dividend decreases for Summit Microfinance with decrease in profit; announces 23.53% bonus shares for FY 2074/75
Mon, Sep 17, 2018 12:13 PM on Dividend, Bonus & Rights, Latest, Stock Market,
The 169th BOD meeting of Summit Microfinance Development Bank Limited (SMFDB) has proposed 23.53% bonus shares for its shareholders.
As per the notice published in NEPSE, the microfinance company will be distributing 23.53% bonus shares worth Rs 4 crore and 1.24% cash dividend for tax purpose worth Rs 21.05 lakh for the FY 2074/75.
The decision is subject to approval from Nepal Rastra Bank and upcoming 10th AGM of the microfinance company.
For the FY 2073/74, the microfinance company had provided 34.48% bonus shares and 10.52% cash dividend.
