Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has proposed a 21.05% dividend for the fiscal year 2076/77.
The 113th meeting of the board of directors held on Magh 29 has decided to distribute 20% bonus shares and 1.05% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 18,66,20,000, the bonus shares amount to Rs. 3,73,24,000 and the cash dividend amounts to Rs. 19,59,510.
Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.
As of writing, the company's LTP stands at Rs. 2,655 per share.