Forward Microfinance announces 25% bonus shares and 20% cash dividend from profits of FY 74/75; paid up capital of the company to reach Rs.37.52 Crore

Forward Community Microfinance Bittiya Sanstha (FOWAD) has announced 45% dividend for its shareholders from the profits of FY 74/75.

The company’s BOD meeting, held on 22^nd Mangsir 2075, proposed 25% bonus share and 20% cash dividend from the profits of FY 74/75. The dividend decision is subject to approval from NRB and the upcoming AGM of the company.

The current paid up capital of the microfinance company stands at Rs.30.01 Crore and after the adjustment of 25% bonus shares (worth Rs.7.50 Crore), the paid up capital will grow to Rs.37.52 Crore. The company had previously issued 50% bonus shares and 15% cash dividend from the profits of FY 73/74. The LTP as of 6^th December 2018 stands at Rs.1700 per share.