NUBL announces 42% dividend for its shareholders; Paid-up capital to reach Rs 1.20 arba after adjustment of bonus share

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has announced 42.11% dividend for its shareholders.

As per the notice published by NUBL, the microfinance company has proposed 22.11% cash dividend worth Rs.22.10 Crore and 20% bonus shares issuing 20 Lakh units of share for its shareholders from the profits of FY 74/75. After the issue of bonus shares, the paid-up capital of the company will increase from Rs.100 Crore to Rs.120 Crore. The LTP of the company stands at Rs.1000 per units as of 27^th September, 2018.

The decision of the microfinance company is subject to approval from the Rastra Bank and upcoming AGM of the company.

The microfinance company had distributed 66.67% bonus shares and 14.04% cash dividend for the year 73/74 amounting to total dividend of 80.71%. Significant fall in the amount of distributed dividend can be seen.