ICFC Finance proposes 13% dividend worth Rs 11.46 crore; 5% bonus and 8% cash dividend

ICFC Finance Company (ICFC) has proposed 13% dividend for its shareholders from the profit of FY 2075/76.

The 254th Board Meeting held on Kartik 27, 2076 has decided to propose the following dividend:

Current paid-up capital: Rs 88.21 crore
Bonus shares: 5% worth Rs 4.41 crore
Cash Dividend: 8% worth Rs 7.05 crore including tax amount
Total dividend: 13% worth Rs 11.46 crore
Paid-up capital after adjustment: Rs 92.62 crore

The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the Finance.

ICFC is in the process to issue 12% ICFC Finance Debentures 2083, due approval from SEBON. Similarly, in the first quarter of 2076/77, it has reported a net profit of Rs 3.05 crore and annualized EPS of Rs 13.86.

The dividend history of the company is given below: