Forward Microfinance announces 32.5% bonus shares and 12.5% cash dividend for FY 75/76; paid up capital to reach Rs 50.03 crore

Forward Mi...

Forward Community Microfinance Bittiya Sanstha (FOWAD) has announced 45% dividend for its shareholders for the FY 75/76.

The company’s BOD meeting, held on Mangsir 15, 2076; proposed 32.50% bonus share worth Rs 12.27 crore and 12.50% cash dividend worth Rs 4.72 crore (including tax for bonus and cash dividend). 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 37.76 crore and after the adjustment of bonus shares, the paid up capital will rises to Rs 50.03 crore.

The dividend history of the company is as follows: