Ganapati Laghubitta (GMFBS) proposes 20% dividend for FY 2077/78; How much in bonus shares and cash?

Thu, Oct 28, 2021 10:10 AM on Dividend, Bonus & Rights, Stock Market, Latest,

Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has proposed a 20% dividend for the fiscal year 2077/78.

The 87th meeting of the board of directors held on Kartik 10 has decided to distribute 19% bonus shares and 1% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 12.73 crore, the bonus shares amounting to Rs. 2.41 crore and the cash dividend amounts to Rs. 12.73 lakhs.

Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming 5th AGM.

As of writing, the company's LTP stands at Rs. 1,511 per share.

Dividend History