Rastra Utthan Laghubitta (RULB) Proposes 15% Dividend Worth Rs. 3.9 Crores For FY 2078/79

Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has proposed a 15% dividend worth Rs. 3.9 Crores for the fiscal year 2078/79. This is the company's first dividend after being listed in NEPSE. 

The 86th meeting of the board of directors held on Baisakh 13 has decided to distribute 14.25% bonus shares and 0.75% cash dividend (including the amount for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 26 Crores. Thus, the bonus shares are worth Rs. 3.7 crores and the cash dividend is worth Rs 19.50 lakhs.

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

As of writing, the company's last-day close stands at Rs. 622.80.