Forward Microfinance Laghubitta proposes 31.58% dividend for FY 2076/77; How much in bonus shares and cash?

Thu, Jan 7, 2021 10:33 AM on Dividend, Bonus & Rights, Latest,

Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has proposed a 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.

Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.

As of writing, the company's LTP stands at Rs. 2,339 per share.

Dividend History