Unnati Microfinance proposes 40.63% dividend from the profit of FY 2075/76; Capital post adjustment to reach Rs 12.23 crore
Thu, Sep 19, 2019 11:37 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Unnati Laghubitta Bittiya Sanstha (UMB) has proposed 40.63% dividend for its shareholders from the profit of FY 2075/76.
The 137th Board Meeting of the microfinance held on Ashwin 01, 2076 has decided to propose 38.60% bonus shares and 2.03% cash dividend. Further details are:
Paid-up capital: Rs 8.82 crore
Bonus shares: 38.60% worth Rs 3.40 crore
Cash Dividend: 2.03% worth Rs 17.93 lakh (For tax purposes)
Total dividend: 40.63% worth Rs 3.58 crore
Paid-up capital after adjustment: Rs 12.23 crore
The proposal is subject to approval from Nepal rastra Bank and the upcoming AGM of the microfinance. The company is in merge with Sahakarya Laghubitta Bittiya Sanstha Limited. The LTP of UMB as on 25th July, 2019 stood at Rs 878.
The dividend history of UMB is:
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