Vijay Microfinance announces five-year high dividend
November 20, 2078 10:54 VikasNews
Kathmandu. Vijay MFI has declared a dividend for the last fiscal year. The organization has declared 21.085 percent dividend to the shareholders from the profit of the fiscal year 2077/78.
A meeting of the Board of Directors held on November 13 offered a total dividend of 21.085 percent to the shareholders by giving 20.031 percent bonus of the paid up capital and 1.054 percent cash (for tax purposes). The proposal has to be approved by Nepal Rastra Bank and passed by the next annual general meeting of the organization.
The proposed dividend is the highest in the last five years. The organization had not distributed the same amount of dividend in the period from FY 2073/74 to FY 2076/77.
The organization had distributed dividend at the rate of 20 percent from the profits of the fiscal years 2076/77 and 2075/76. Similarly, dividends of 10.526 percent, 15 percent and 20 percent were distributed from the profits of FY 2074/75, 2073/74 and 2072/73 respectively.