ICFC Finance Proposes 10.5263% Cash Dividend for FY 2082/83
ICFC Finance has proposed a 10.5263% cash dividend worth Rs. 124.58 million for FY 2082/83, subject to approval from Nepal Rastra Bank and the company’s upcoming AGM.
ICFC Finance Limited (ICFC) has proposed a 10.5263% cash dividend for the fiscal year 2082/83.
The proposal was approved by the company’s 372nd meeting of the Board of Directors held on Bhadra 16, 2083.
The proposed dividend will be distributed on the company’s paid-up capital of Rs. 1.18 billion. At the proposed rate of 10.5263%, the total cash dividend amounts to Rs. 124.58 million, including applicable taxes.
The proposed dividend is subject to approval from Nepal Rastra Bank (NRB) and endorsement by the company’s upcoming Annual General Meeting (AGM).
As of the latest trading information, ICFC Finance’s last traded price (LTP) stands at Rs. 580.50 on the Nepal Stock Exchange (NEPSE).
The proposed payout adds ICFC Finance to the list of listed financial institutions announcing their dividend proposals for FY 2082/83. Investors should note that the proposed dividend is not final until it receives the required regulatory and shareholder approvals.