Sparsha Laghubitta (SPARS) proposes 20.53% Dividend for FY 2076/77: How much in Bonus shares and Cash?

Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) has proposed a 20.53% dividend for the fiscal year 2076/77.

The meeting of the board of directors held on Mangsir 29 has decided to distribute 19.5% bonus shares and 1.03% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 9,37,48,190, the bonus shares amount to Rs. 1,82,80,897 and the cash dividend amounts to Rs. 9,62,152.

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. 972. In the fiscal year 2075/76, the company had distributed 13% bonus shares and 0.68% cash dividend.