For fiscal year 2077/78, Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has recommended a dividend of 21.0526 percent.
The board of directors voted to issue the dividend on the Rs. 1 Arba paid-up capital at their 117th meeting on Ashoj 18. There has been a proposal for a 20% bonus share worth Rs 20 crore and a 1.0526 percent cash dividend (including tax) of Rs 1.05 crore.
The dividend will be paid only if the central bank has approved it and the company’s future AGM has approved it. MERO has an LTP of Rs. 1,321.50 as of this writing.