Sarpot Microfinance has introduced remaining 12 months’s dividend and paid-up capital to exceed Rs 85 million


Sarpot Microfinance has announced last year’s dividend and paid-up capital to exceed Rs 85 million

November 26, 2078 11:16 VikasNews

Kathmandu. Sarpot MFI has declared a dividend for the last fiscal year. The organization has declared a total dividend of 31.5789 percent from the profit of the fiscal year 2077/78.

A meeting of the board of directors of the organization held on November 19 proposed a total dividend of 31.5789 percent to the shareholders by giving 30 percent bonus of the current paid up capital and 1.5789 percent cash.

The proposed dividend has to be approved by Nepal Rastra Bank and passed by the next annual general meeting of the organization.

At present, the paid up capital of the organization is Rs. 66 million. After 30 percent bonus, the paid up capital of the organization will increase by Rs. 85.8 million.

The proposed dividend is higher than that of FY 2075/76. The organization had distributed only 10.526 percent bonus shares to the shareholders from the dividend of that year.





Source

Sharing Is Caring:

Leave a Comment