KATHMANDU

Support microfinance institutions have announced to distribute dividends. Microfinance has announced that it will provide 13.68 percent dividends from the profit of the last fiscal year to its shareholders.

The meeting of the board of directors held on Tuesday, October 21, has decided to distribute 13 percent bonus shares and 0.68 percent cash dividends for the purpose of tax. After the proposed benefits are approved by the regulator, Nepal Rastra Bank, and the upcoming annual general meeting of microfinance, they will be distributed to the shareholders.

Last year, the company distributed 11 percent bonus shares and 0.57 percent cash dividends.