Manjushree Finance Limited (MFIL) has proposed a 46% dividend for the fiscal year 2077/78.
The 213th meeting of the board of directors held on Mangsir 24 decided to distribute the dividend on the paid-up capital of Rs. 93,53,94,892. From the paid-up capital, 40% bonus shares worth slightly over Rs 38.61 crores and 6% cash dividend (including tax) worth Rs 5.79 crore have been proposed.
The dividend will be distributed only after approval by the central bank and endorsement by the company’s upcoming AGM. As of writing, MFIL has an LTP of Rs. 1,033.