Today is the last day to grab the 31.58% dividend of Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD).
The company has called its 8th AGM on Falgun 21. The AGM will commence at 11 am that day. Among other proposals, the AGM will endorse the 31.58% dividend for the fiscal year 2076/77. The meeting of the board of directors held on Poush 22 has decided to distribute 25% bonus shares and 6.58% cash dividend (including the amount for tax purposes) from the paid-up capital. Since the paid-up capital of the company is 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.
The book closure for the dividend and the AGM is declared tomorrow, i.e. on Falgun 05. Thus, investors maintained till today are entitled to the dividend payout and can also attend the AGM.
While writing this, FOWAD has an LTP of Rs. 3,245.