Exciting News: Himalayan Laghubitta Announces 7% Dividend!
Great news for Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) shareholders! The microfinance institution has announced a dividend of 7% for the fiscal year 2081/82. This announcement follows the 248th board of directors meeting held on Mangsir 11.
The proposed dividend structure includes a 6.65% distribution in the form of bonus shares, totaling Rs. 2.12 Crores. In addition to the bonus shares, a 0.35% cash dividend, inclusive of tax, amounting to Rs. 11.19 lakhs, has also been proposed. This dividend announcement showcases the financial stability and growth of HLBSL in the Nepalese microfinance sector.
This decision comes as a positive sign for investors in the microfinance company, indicating healthy performance and commitment to shareholder value. However, it’s important to note that the distribution of this dividend is subject to approval from the Nepal Rastra Bank and subsequent endorsement during the company’s upcoming AGM (Annual General Meeting). Stay tuned for further updates regarding the AGM and the final approval of this dividend. Investors in HLBSL can look forward to potentially benefiting from these bonus shares and cash dividend distributions. This investment opportunity in microfinance highlights the potential for growth within the Nepalese stock market.
