RSDC Laghubitta Announces Dividend Proposal for FY 2079/80; How much is it's dividend ?

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has made significant dividend announcements for the fiscal year 2079/80. During the 148th meeting of the Board of Directors (BODs) convened on Ashwin 19, the microfinance institution put forth a proposal to distribute a dividend of 9.0528% to its shareholders. This dividend is calculated based on the paid-up capital, which stands at a substantial Rs. 86.95 Crores.

The dividend proposal comprises two components. Firstly, the company intends to issue bonus shares amounting to 8.6% of the total dividend, equivalent to Rs. 7.47 Crores. Secondly, a cash dividend of 0.4528% has been proposed, totaling Rs. 39.35 lakhs. The allocation of a cash dividend, albeit a smaller portion, is primarily intended for tax purposes.

It's worth noting that in the preceding fiscal year, 2078/79, RSDC Laghubitta had disbursed an 11% dividend to its shareholders. This dividend consisted of 8% bonus shares and 3% cash dividend. However, for the fiscal year 2079/80, the overall dividend percentage has decreased, with a greater emphasis on bonus shares.

As of Ashad's end in 2080 BS, the microfinance company's paid-up capital stands at Rs. 86.95 Crores. However, following the proposed issuance of an 8.6% bonus share, the capital will experience a significant boost, rising to Rs. 94.42 Crores.

It's essential to highlight that the distribution of this dividend is contingent upon receiving approval from Nepal Rastra Bank and subsequent endorsement at the company's upcoming Annual General Meeting (AGM). Therefore, shareholders should await these necessary formalities before expecting the dividend disbursement.