PROFL proposes a 7.3684 percent dividend for fiscal year 2077/78.


For fiscal year 2077/78, Progressive Finance Limited (PROFL) has recommended a dividend of 7.3684 percent. This is the first time the corporation has paid a dividend.

The board of directors decided to distribute the dividend on the paid-up capital of Rs. 80.0 crores their 473rd meeting on Poush 1. The proposal includes 7% bonus shares worth slightly more than Rs 5.6 crores and a 0.3684 percent cash dividend (including tax) worth Rs 29.47 lakhs.

The dividend be paid only if the central bank has approved it and the companyR7;s future AGM has approved it. PROFL currently has an LTP of Rs. 346.

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