Lumbini Finance announces 35% stock dividend; Paid up to reach Rs 55.68 crore
Thu, Nov 24, 2016 1:25 PM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,

Lumbini Finance and Leasing Company Limited (LFLC) has decided to distribute 35 percent stock dividend to its shareholders.
As per the notice published in Nepal Stock Exchange (NEPSE) today, the company’s BOD meeting held today (Mangsir 1, 2073) has proposed 35 percent bonus share and 1.79% cash dividend (for tax purpose) to its shareholders .
The decision is subjected to approval from Nepal Rastra Bank and the finance company’s upcoming Annual General Meeting (AGM).
Earlier, LFLC had distributed 21.61 percent bonus share to its shareholders in the fiscal year 2071/72.
Lumbini Finance had earned net profit of Rs 61.42 lakh in the first quarter of fiscal year 2073/74. It’s paid up capital remains at Rs 41.25 crore. After issuance of 35 percent bonus share, the paid up capital will reach Rs 55.68 crore.