Support Microfinance proposes 10% bonus from the profit of 2075/76; Paid-up capital to reach Rs 6.6 crore after adjustment
Sun, Nov 10, 2019 11:12 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Support Microfinance Bittiya Sanstha (SMB) has proposed 10.526% dividend for its shareholders from the profit of FY 2075/76.
The 136th Board Meeting held on Kartik 21, 2076 has decided to propose the following dividend:
Current paid-up capital: Rs 6 crore
Bonus shares: 10% worth Rs 60 lakh
Cash Dividend: 0.526% worth Rs 3.15 lakh for tax purpose
Total dividend: 10.526% worth Rs 63.156 lakh
Paid-up capital after adjustment: Rs 6.60 crore
The proposal is subject to approval from Nepal Rastra Bank and the upcoming fifth AGM of the Microfinance.
