Unnati Sahakarya Laghubitta (USLB) Proposes 32% Bonus Shares for FY 2077/78

Fri, Oct 29, 2021 10:26 AM on Dividend, Bonus & Rights, Latest,

Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has proposed a 32% dividend for the FY 2077/78.

As per the notice published in NEPSE, the microfinance company has proposed the entirety of the dividend in bonus shares. Since the dividend is distributed on the paid-up capital of Rs. 17,61,69,706.38, the bonus shares are worth a little over Rs. 5.63 crores.

The decision taken by the 173rd BOD meeting of the microfinance company is subject to approval from Nepal Rastra Bank and the upcoming AGM of the company.

As of writing, USLB has an LTP of Rs. 2,299. The company had distributed a 17.8103% bonus shares for FY 2076/77.