Swabalamban Laghubitta proposes 40% dividend including 26% bonus shares for FY 2075/76; Paid up capital to reach Rs 79.23 crore
Thu, Oct 3, 2019 11:03 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has proposed 40% dividend to its shareholders from the profit of FY 2075/76.
The 312th Board meeting of the microfinance company held on Ashwin 15, 2076 had come to this decision. The breakdown of proposed dividend is as follows:
Paid-up capital: Rs 62.88 crore
Bonus share: 26% worth Rs 16.35 crore
Cash dividend: 14% worth Rs 8.80 crore (including tax amount for bonus and cash)
Total: 40% worth Rs 25.15 crore
The proposal is subject to approval from Nepal Rastra Bank and the upcoming AGM of the company. Post the adjustment of bonus shares, the paid-up capital of the company will reach Rs 79.23 crore.
As on Q4 of FY 2075/76, SWBBL had earned net profit of Rs 42.25 crore. Similarly, the EPS of the company stood at Rs 67.19 and the net worth per share stood at Rs 278.89.
The dividend history of SWBBL is as follows:
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