Progressive Finance Revises Dividend Proposal

Jan 12, 2022 12:43 PM Merolagani

Progressive Finance (PROFL) has revised its dividend proposal.

The board of directors meeting of the company held on January 12 decided to revise the proposal.

As per the revised proposal, the company proposed of distributing 6 percent stock and 0.3157 percent cash dividend of its paid-up capital of Rs 800 million.

Previously, the company had proposed of distributing 7 percent stock and 0.3684 percent cash dividend to its shareholders.

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

 

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