Forward Microfinance Laghubitta (FOWAD) proposes a dividend of 42 percent for the fiscal year 2077/78.

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Fowad Limited (FOWAD) has recommended a 42 percent dividend the fiscal year 2077/78, based on the company’s projected the fiscal year.

During the 112th meeting of the board of directors, which was conducted on Mangsir 21, it was decided to a dividend of Rs. 65 crores on the paid-up capital of the company. The proposal includes the issuance of 35 percent bonus worth Rs. 21.89 crores and the payment of a 7 percent cash dividend ( tax purposes) of Rs. 4.37 crores.

The dividend will be paid after it has been approved by the central bank and approved by the company’s upcoming annual meeting. As of this writing, FOWAD’s LTP is Rs. 2,647.

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