Manjushree Finance Limited Announces Exciting Cash Dividend for Shareholders!
Good news for Manjushree Finance Limited (MFIL) shareholders! The company has just announced a proposed dividend for the fiscal year 2081/82, offering a significant return on investment.
In a recent board meeting (the 310th, to be precise!), the directors decided to recommend a generous 15% cash dividend. This impressive payout will be distributed on the company’s paid-up capital of Rs. 1.35 Arba. That translates to a substantial Rs 20.27 crores designated for shareholder dividends, including applicable taxes. This news is particularly exciting for investors looking for a strong dividend yield.
Of course, this proposed dividend distribution is still subject to approval by the Nepal Rastra Bank (NRB). It also needs the final seal of approval from the company’s upcoming Annual General Meeting (AGM). So, stay tuned for further updates!
As of this writing, MFIL’s LTP (Last Traded Price) stands at Rs. 661.00. This latest announcement is likely to have a positive impact on stock performance and investor sentiment. Keep an eye on the stock market for potential movement following this exciting financial news. This investment opportunity could be worth considering.
Keep checking back for the latest updates on this Manjushree Finance dividend announcement and other finance news. Smart investing starts with being well-informed!
