Manakamana Smart Laghubitta Proposes 5% Dividend Worth Rs 70.87 Lakhs for FY 2078/79

Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has proposed a 5% dividend worth Rs. 70.87 lakhs for the fiscal year 2078/79.

The 79th meeting of the board of directors held on Magh 16 has decided to distribute the 5% dividend on the paid-up capital of Rs. 14.17 crores. 4.75% bonus shares and 0.25% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are a little over Rs. 67.32 lakhs and the cash dividend is worth a little over Rs. 3.54 lakhs.

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

Last year, the company distributed a 17% dividend for FY 2077/78. As of writing, MKLB has an LTP of Rs. 885.