Rural Microfinance proposes 5% stock & 15% cash dividend

Rural Microfinance Development Center Limited (RMDC) has proposed dividend to its shareholders. As per the notice published in NEPSE today, board meeting of the company held on Ashwin 20, 2074 has proposed 5% bonus shares and 15% cash dividends to its shareholders from the net profit of FY 2073/74. The decision is subjected to the approval from Nepal Rastra Bank and upcoming AGM. Last year, RMDC has distributed 10% bonus shares and 10% cash dividends. Its current paid up capital stands at Rs 69.21 crore. After 5% bonus shares, it will reach to Rs 72.67 crore. It has earned Rs 21.13 crore in the fourth quarter of the FY 2073/74. Its LTP stood at Rs 806 as of last trading day.