Mero Microfinance proposes 17.83% dividend for fiscal year 2076/77; How much in bonus and cash?

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has proposed a 17.8315% dividend for the fiscal year 2076/77.

The 102nd meeting of the board of directors held on Kartik 19 has decided to distribute a 16.9399% of the paid-up capital as bonus shares for the fiscal year 2076/77. The company has also proposed a 0.8916% cash dividend for tax purposes. The paid-up capital of the company is a little over Rs. 85.51 crores.

In the previous fiscal year, i.e. FY 2075/76, the company had distributed a 30% bonus shares of the paid-up capital maintained at that time. A small amount of cash dividend (1.59%) was also distributed for tax purposes.

As of writing, the company's shares have an LTP of Rs. 773 per share.