JBLB proposes a 37.368% dividend for fiscal year 2078/79.

For the fiscal year 2078/79, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has proposed a dividend of 37.3684%.

The 72nd meeting of the board of directors, held on Falgun 06, decided to distribute a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares have been proposed. Thus, the bonus shares are valued at Rs. 28.95 crores, while the cash dividend is valued at Rs. 9.68 crores. For the tax amount on bonus shares, a cash dividend has been proposed.

The dividend will be paid only after approval from Nepal Rastra Bank and approval from the company’s upcoming AGM. Last week, JBLB closed at Rs. 2,711.

Last year, the company paid a 73.68% dividend, including 70% bonus shares, for fiscal year 2077/78.