Rural Microfinance declares 20% dividend; paid up to reach Rs 69.21 cr

Rural Microfinance Development Centre Limited (RMDC) has decided to distribute 10 percent stock dividend and 10 percent cash dividend to its shareholders. As per the notice published in Nepal Stock Exchange (NEPSE) today, the company’s BOD meeting held today (Kartik 24, 2073) has proposed 10 percent bonus share and 10 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the microfinance company’s upcoming Annual General Meeting (AGM). RMDC had distributed 10% stock and 16.32% cash dividend to its shareholders in the fiscal year 2071/72. It’s paid up capital remains at Rs 62.92 crore. After issuance of 10 percent bonus share, the paid up capital will reach Rs 69.21 crore.