Last day to secure cash dividend of United Finance

Oct 29, 2018 Merolagani

Today is the last day to secure 5 percent dividend of United Finance (UFL). The company is closing its book from October 30, thus, the shareholders registered in its book till October 29 is eligible to attend its upcoming AGM and obtain the announced dividend.

The company is conducting its 24th AGM on November 16 in Amrapali Banquet, Bhatbhateni at 11:00 AM.

The meeting is subjected to approve the proposal of distributing 5 percent cash dividend as well as issue further promoter issue to bring in Muthoot Finance from Kochi, India as its strategic partner.

United Finance is issuing 20 percent i.e. 2.1 million units of promoter shares to Muthoot Finance to enter into the partnership.

The company with Rs 800.5 million in paid-up capital earned Rs 64.1 million in net profit. In the last FY, it maintained ESP of Rs 8.01.

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