Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has announced a proposed 7% dividend for the fiscal year 2080/81, amounting to Rs. 7.30 crores. This decision was made during the 228th board meeting held on Mangsir 4. The dividend is based on the company’s paid-up capital of Rs. 1.04 Arba.
Breakdown of the Proposed Dividend:
- 6% Bonus Shares:
Worth Rs. 6.26 crores, these shares will be distributed to shareholders, increasing their equity in the company. - 1% Cash Dividend:
Equivalent to Rs. 1.04 crores, this will be provided for tax purposes.
Conditions for Distribution:
The proposed dividend is subject to:
- Approval by the Nepal Rastra Bank (NRB)
- Endorsement by the company’s Annual General Meeting (AGM)
Market Perspective:
As of now, SWMF’s Last Traded Price (LTP) stands at Rs. 830.00, reflecting investor sentiment and market valuation.
This announcement underscores the company’s commitment to rewarding its shareholders while adhering to regulatory requirements. Shareholders can look forward to the dividend distribution after the necessary approvals.
