Central Finance announces 11 percent dividend

Kathmandu: Central Finance Limited has declared a dividend from the last fiscal year’s profit. The meeting of the Finance Board has proposed 11 percent dividend. The proposed dividend includes a bonus share of 7.7 percent of paid-up capital and a 3.3 percent cash dividend for tax purposes.

The proposed dividend will be distributed after the approval of Nepal Rastra Bank and approval of the next annual general meeting.

The paid up capital of Finance, which is currently 881.035 million, will reach 94.88 million 758,458 rupees after the proposed bonus share distribution.