First Microfinance to distribute 12.63% cash dividend to its shareholders; Cash dividend worth Rs 8.64 crore to be distributed after approval from Rastra Bank & AGM

Tue, Aug 7, 2018 5:30 AM on Dividend, Bonus & Rights, Latest, Stock Market,
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First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) will be distributing 12.6316 percent cash dividend to its shareholders from the profit of fiscal year 2074/75.

As per the notice published in NEPSE, the microfinance company will be distributing Rs 8,64,49,743 as the cash dividend.

The distribution of cash dividend is subject to approval from Nepal Rastra Bank and the upcoming AGM for the fiscal year 2074/75.

The microfinance company reported profit of Rs 10.21 crore in the fourth quarter of the fiscal year 2074/75.

Its LTP stands at Rs 494 as on Shrawan 21, 2075.