Today Marks the Final Opportunity to Secure Dividends from Two Prominent Microfinance Companies

Today, investors have their last chance to secure dividend benefits from Support Microfinance Financial Institution Limited (SMB) and Forward Microfinance Financial Institution Limited (FOWAD). Both companies have announced book closure dates for tomorrow, Friday, December 1, 2024 (Mangsir 14), ahead of their respective Annual General Meetings (AGMs). Any investors holding shares by the end of today’s trading session will qualify for dividend payouts and voting rights at the AGMs.

Support Microfinance (SMB):

• Dividend Announcement: Shareholders will receive a 13.775% bonus share and 0.725% cash dividend for tax purposes. This aligns with the company's strategy of reinvesting profits to enhance equity while meeting tax obligations through cash payouts.

• AGM Details:

  • Date: December 21, 2024 (Poush 6)

  • Venue: Durga Party Palace, Itahari-4, Sunsari

  • Time: 11:00 AM

• Significant Proposals:

  • Empowering the board for future mergers and acquisitions (M&A).

  • Amendments to governance documents to facilitate strategic expansions.

  • Appointment of auditors to ensure transparency in financial reporting.

Forward Microfinance (FOWAD):

• Dividend Announcement: Shareholders will receive a 13.30% bonus share and 0.70% cash dividend for tax purposes. The relatively lower cash component reflects the company’s focus on preserving liquidity for future growth.

• AGM Details:

  • Date: December 13, 2024 (Mangsir 28)

  • Venue: Dinesh Chaudhary Memorial Foundation Hall, Duhabi, Sunsari

  • Time: 11:00 AM

• Significant Proposals:

  • Similar M&A authorization for strategic growth.

  • Amendments to facilitate operational flexibility.

  • Auditor appointments for maintaining regulatory compliance.