Laxmi Laghubitta proposes 26.32% dividend worth Rs 6.36 crore; Dividend includes 15% bonus and 11.32% cash dividend

Wed, Sep 11, 2019 11:34 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Laxmi Lagh...

Laxmi Laghubitta Bittiya Sanstha (LLBS) has proposed 26.32% dividend for its shareholders from the accumulated profit till FY 2075/76.

The 113th Board meeting of the microfinance held on Bhadra 24, 2076 has decided to propose 15% bonus shares worth Rs 3.63 crore and 11.32% cash dividend worth Rs 2.73 crore. The cash dividend also includes the amount required for tax purposes. The company is proposing a total of 26.32% dividend (Percentage is calculated from paid-up capital of Rs 24.20 crore) worth Rs 6.36 crore.

The proposal is subject to approval from Nepal Rastra Bank and the upcoming Anual General Meeting of LLBS.

The company's dividend history for the past four years has been stated below: