Forward Microfinance proposes outstanding 65% dividend including 50% bonus shares, paid up to reach Rs 30 crore

Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has proposed dividend to its shareholders. As per the notice published in NEPSE today, the board meeting of the microfinance company held on Poush 27, 2074 has proposed 50% bonus shares and 15% cash dividend (for tax as well) from the net profit of FY 2073/74. The decision is subject to the approval from the concerned authority and upcoming AGM. Its paid up capital will reach to Rs 30 crore from existing Rs 20 crore after distribution of 50% bonus shares. It had earned Rs 25.06 crore in the FY 2073/74. Its LTP stood at Rs 3,505 as of last trading day.