NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has proposed a 15% cash dividend for the fiscal year 2079/80. In a recent board of directors meeting held on Kartik 01, the decision was made to distribute the entire dividend in cash. The company’s paid-up capital stands at Rs. 1.73 Arba, and this dividend payout amounts to a little over Rs. 26.09 Crores.
It’s important to note that the distribution of this cash dividend is subject to approval by the central bank and endorsement by the company’s upcoming Annual General Meeting (AGM). As of the time of this announcement, NICLBSL’s Last Traded Price (LTP) is at Rs. 615.
Comparatively, in the preceding fiscal year (2078/79), the company had disbursed a cash dividend of 14.75%. This proposed increase in the dividend percentage signals the company’s commitment to rewarding its shareholders, pending the necessary regulatory approvals and shareholder consensus at the upcoming AGM.