Pokhara Finance announces 14.2% dividend for its shareholders; dividend yield stands at 10.51%

Fri, Nov 29, 2019 10:18 AM on Dividend, Bonus & Rights, Latest,

Pokhara Finance Limited has announced 14.20% dividend for its sharesholders for the FY 2075/76.

As per the notice published in NEPSE, the finance company has announced 7.20% cash dividend worth Rs 6.17 crore (including cash for tax purpose) and 7% bonus shares worth Rs 6 crore. 

Currently, the paid-up capital of the finance company stands at Rs 85.72 crore which will reach Rs 91.72 crore after the adjustment.

The market price of the company is Rs 135 which has announced 14.2% dividend. It implies that the shareholders are getting around 10.51% dividend yield which is an outstanding return.

The dividend is subject to approval from the upcoimg AGM and approval from the Nepal Rastra bank.