First Microfinance Announces 12.63% Cash Dividend

Aug 07, 2018 Merolagani

First Microfinance Laghubitta Bittiya Sanstha (FMDBL) has announced a dividend for the last FY. The 140th board of directors meeting of the company held on August 6 has proposed of distributing 12.6316 percent cash dividend to its shareholders.

First Microfinance has proposed of distributing cash dividend worth Rs 86.4 million of the total paid-up capital of Rs 684.3 million.

The proposed cash dividend is subjected to approval from NRB and the upcoming AGM of the company.

In the last FY, First Microfinance earned a net profit of Rs 102.17 million. The company maintained EPS of Rs 14.93, P/E ratio of 36.17 times, net worth per share of Rs 126.9 and total asset per share of Rs 696.54 in the last FY.

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