First Microfinance declares 15% Stock Dividend; Paid up capital to reach Rs 26.45 crore

First Microfinance Development Bank Limited (FMDBL) has announced 15 percent stock dividend and 0.79 cash dividend for tax purpose to its shareholders. As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 25, 2073 proposed 15 percent bonus share and 0.79 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM). Last year, FMDBL had distributed 15% bonus share to its shareholders from the profit it made in 2071/72 FY. First Microfinance has earned net profit of Rs 5.44 crore in the fourth quarter of the fiscal year 2072/73 .It’s paid up capital stands at  Rs 23 crore and after the issuance of 15% bonus share the paid up capital will rise to Rs 26.45 crore.