Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has proposed a 12.63% dividend for the fiscal year 2076/77.
The 194th meeting of the board of directors held on Kartik 26 has decided to distribute 12% bonus shares and 0.63% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 39,61,46,641.50, the bonus shares amount to Rs. 4,75,37,646 and the cash dividend amounts to Rs. 24,96,649.
Note that this dividend will be distributed only after approval from Nepal Rastra Bank and endorsement by the company's upcoming AGM.
Mirmire Laghubitta has already published its first-quarter report of FY 2077/2078 with a slight increase in Net Profit by 1.73%. As per the report published by the company, the net profit increased to Rs. 2.17 crores as compared to Rs. 2.13 crores in the corresponding quarter of the previous year. As of writing, the company's LTP stands at Rs. 925 per share.