Support Microfinance Announces Dividend

Nov 10, 2019 11:56 AM Merolagani

Support Microfinance (SMB) has announced dividend of the last FY.  The board of directors meeting of the company held on November 7 decided to propose 10.526 percent dividend to its shareholders.

The company will distribute 10 percent stock and 0.526 percent cash dividend for tax purposes.

The proposed dividend is subjected to approval from NRB and its upcoming AGM.  

Presently, the company has a paid-up capital of Rs 60 million that will reach Rs 660 million after the bonus share distribution.

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