Summit Laghubitta (SMFDB) Proposes 14.27% Dividend for FY 2078/79

Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has proposed a 14.276582% dividend for the fiscal year 2078/79.

The 33rd meeting of the board of directors held on Falgun 15 decided to distribute the dividend on the paid-up capital of Rs. 49.40 crores. 13.562753 percent bonus dividend worth Rs 6.70 Crores and 0.713829 percent cash dividend worth Rs 35.26 Lakh (Tax Purpose) has been proposed.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. As of writing, SMFDB has an LTP of Rs. 1045.

Also, National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta signed a Memorandum of Understanding (MoU) for the merger on Ashwin 26, 2079. For the merger between NMFBS and SMFDB, the share swap ratio of 100:82 has been fixed i.e., for every 100 units of Summit’s shares, the shareholders will get 82-unit shares of National Microfinance.

Past Dividend History: