Sana Kisan Bikas Laghubitta (SKBBL) Proposes 20% Dividend for FY 2079/80
Sun, Dec 10, 2023 10:42 AM on Dividend, Bonus & Rights, Latest,
Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has proposed a 20% dividend for the fiscal year 2079/80.
The 20th board of directors meeting on Mangsir 24 decided to distribute the dividend on the paid-up capital of Rs. 3.33 Arba. 15% bonus shares worth Rs. 49.97 crores and 5% cash dividend (for tax purposes) worth Rs. 16.65 crores have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM.
As of writing, SKBBL has an LTP of Rs. 881.
Earlier last year, SKBBL and RMDC had signed a merger deal at a swap ratio of 1:0.87. As a result, investors who now owned 100 shares of RMDC Microfinance had received 87 shares of the merged company. The companies started the joint business on Ashad 24, 2080.
The share capital of SKBBL and RMDC before the merger was Rs. 1.97 Arba and Rs. 1.56 Arba, which reached Rs. 3.33 Arba after the merger. The companies signed the Memorandum of Understanding (MoU) on Bhadra 31, 2079.
Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited posted a net profit of Rs 301.40 million in the first quarter for the fiscal year 2080/81. The EPS of the company in first quarter stood at Rs. 36.19.
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