Jeevan Bikas Microfinance declared 73.68 percent dividend

Feb Mon 2022 02:23:14

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Jeevan Bikas Microfinance declared 73.68 percent dividend

Kathmandu. Jeevan Vikas Microfinance Financial Institution Limited has proposed a total dividend of 73.68 percent from the profits of the last fiscal year 077/78. The meeting of the Board of Directors of the company held on March 22 raised the existing paid-up capital to Rs. It has proposed to distribute 70 percent bonus shares and 3.68 percent cash dividend for tax purposes on the basis of 608.4 million.

The proposed dividend will be distributed after the approval of Nepal Rastra Bank and the approval of the next annual general meeting of the company. The company has distributed IPO to the public on July 8, 2021.