Category: Dividend

  • Last Day to Secure Dividend from United Ajod Insurance and Right from Ridi Power

    Last Day to Secure Dividend from United Ajod Insurance and Right from Ridi Power


    Today marks the final opportunity to secure the 10.8013% dividend offered by United Ajod Insurance Limited (UAIL).

    The company has scheduled its 30th Annual General Meeting (AGM) for the 6th of Falgun, 2080. The AGM will take place at Anmol Banquet in Shankhamul, Kathmandu, starting at 11:00 AM.

    In a board meeting held on Magh 04, the directors decided to distribute a 10.8013% dividend for the fiscal year 2079/80. This dividend comprises 10.2612% in bonus shares and 0.5401% in cash dividend (for tax purposes). Currently, the company’s paid-up capital stands at Rs. 1.90 Arba.

     

  • Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs

    Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs


     

    Asian Life Insurance Company Limited (ALICL) has decided to issue 42% right shares after adjustments, as confirmed in their Board of Directors meeting on Friday, Magh 19. This adjustment takes into account the allocation of 7.75% bonus shares from the current paid-up capital of Rs. 3.15 Arba. With the inclusion of bonus shares, the enhanced paid-up capital will amount to Rs. 3.39 Crores.

    In the 188th board meeting on Magh 12, ALICL’s directors proposed the distribution of 7.75% bonus shares valued at Rs. 24.45 crores. Additionally, a 0.4078% cash dividend, intended for tax purposes, will be disbursed, totaling slightly over Rs. 1.28 crores.

     

  • Mahila Laghubitta: No Dividends for Shareholders in FY 2079/80

    Mahila Laghubitta: No Dividends for Shareholders in FY 2079/80


    In a strategic move towards financial prudence, Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has officially announced its decision not to distribute dividends for the Fiscal Year 2079/80. The outcome of the 69th Board Meeting, held on Magh 18, 2080, reflects MLBSL’s commitment to responsible financial management. This decision, however, awaits the crucial approvals from the regulatory authority, Nepal Rastra Bank, and the imminent Annual General Meeting of the company. MLBSL, by prioritizing financial stability, aims to fortify its position in the financial landscape, ensuring sustained growth and resilience in the microfinance sector.

     

  • Nepal Investment Mega Bank: No Dividends for FY 2079/80

    Nepal Investment Mega Bank: No Dividends for FY 2079/80


    In a strategic move prioritizing financial stability, Nepal Investment Mega Bank Limited (NIMB) has declared a noteworthy decision in its 598th Board Meeting held on Magh 19, 2080. The bank has chosen not to distribute dividends for the Fiscal Year 2079/80. This prudent decision reflects NIMB’s commitment to fortifying its financial reserves and aligning with industry dynamics. While awaiting approvals from Nepal Rastra Bank and the imminent Annual General Meeting, NIMB’s decision underscores its focus on maintaining a robust financial foundation, ensuring sustained growth, and fortifying its position in the banking sector.

     

  • JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval

    JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has officially declared that it will not be distributing dividends for the Fiscal Year 2079/80.

    The decision was made during the Board Meeting of JALPA on Magh 16, 2080, where it was decided that the company would abstain from distributing any dividends for the mentioned fiscal year. Importantly, the implementation of this decision is contingent upon receiving approval for the financial statements from the regulatory authority, Nepal Rastra Bank, as well as confirmation during the upcoming Annual General Meeting of the company.

    As of the latest update, JALPA’s closing stock price stands at Rs. 1,170.00. This decision not to distribute dividends reflects the company’s current financial strategy and considerations, and further clarity on this matter will be provided following the necessary regulatory approvals.

  • Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash

    Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash


    Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is set to reward its stakeholders with a proposed dividend of 7.3684%, amounting to Rs. 4.62 crores for the fiscal year 2079/80. The decision was made during the 263rd board meeting on Magh 15, where the directors recommended a distribution on the paid-up capital of Rs. 62.72 Crores. The proposed dividend includes a 7% bonus in shares, equivalent to Rs. 4.39 crores, and a 0.3684% cash dividend, specifically for tax purposes, totaling Rs. 23.10 lakhs. However, the disbursement is contingent upon approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). This dividend proposal reflects SLBBL’s commitment to providing value to its shareholders while maintaining regulatory compliance in the financial sector.

     

  • Last Trading Day for Himalayan Everest Insurance Dividend – Act Now!

    Last Trading Day for Himalayan Everest Insurance Dividend – Act Now!


    Investors of Himalayan Everest Insurance Limited (HEI) are urged to seize the opportunity as today marks the final day to avail the enticing 15% dividend proposed by the company. The decision was reached during the 317th board of directors meeting on Poush 25, where it was resolved to distribute dividends based on the paid-up capital of Rs. 2.30 Arba.

    In this generous dividend offering, HEI is proposing an 8.63% bonus in the form of shares, amounting to Rs. 19.86 crore, along with an additional 6.37% cash dividend, inclusive of tax, totaling Rs. 14.66 crore. This announcement follows the company’s commitment to rewarding its shareholders for their continued support and investment in the organization.

    Furthermore, HEI has called for its 30th Annual General Meeting (AGM) scheduled for 25th Magh, 2080, at Baneshwor Banquet, Thapagaun, commencing at 11 AM. This AGM serves as a crucial platform for stakeholders to gain insights into the company’s performance, future plans, and financial outlook. Investors attending the meeting will have the opportunity to actively participate in discussions that shape the trajectory of Himalayan Everest Insurance Limited.

     

  • Sanima GIC Insurance Limited: No Dividend Declared for FY 2079/80

    Sanima GIC Insurance Limited: No Dividend Declared for FY 2079/80


     

    Sanima GIC Insurance Limited (SGIC) has recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. The resolution was reached during the 134th Board Meeting of SGIC, held on Magh 10, 2080. The decision not to distribute dividends stems from a careful consideration of various factors and aligns with the company’s strategic approach to financial management. It’s crucial to highlight that this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Insurance Authority. The move underscores SGIC’s commitment to responsible financial practices, ensuring that shareholder interests are in sync with the prevailing economic conditions and regulatory requirements. Investors and stakeholders will be keenly watching for further insights during the regulatory approval process to gain a comprehensive understanding of SGIC’s financial standing and its future direction.

     

  • Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80

    Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80


    WNLB, as per the decision made during its recent Board Meeting on Magh 10, 2080, has opted not to distribute any dividends for the fiscal year 2079/80. This resolution is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the forthcoming Annual General Meeting of the company. It’s noteworthy that WNLB’s stance on dividends reflects a strategic approach, considering various factors that impact financial decisions. As of the latest update, the company’s stock, denoted by WNLB, closed at Rs. 859.00. This decision underscores the company’s commitment to prudent financial management and aligning shareholder expectations with the current business landscape. Investors and stakeholders will be keenly awaiting the regulatory approval and the insights provided during the upcoming Annual General Meeting for a comprehensive understanding of WNLB’s financial position and future prospects.

     

  • Prabhu Bank (PRVU) Decides Against Dividend Distribution for FY 2079/80

    Prabhu Bank (PRVU) Decides Against Dividend Distribution for FY 2079/80


    Prabhu Bank Limited (PRVU) has declared that it will not be issuing any dividends for the Fiscal Year 2079/80. The decision was reached during the Board Meeting held on Magh 08, 2080. It is important to note that the distribution of dividends is contingent upon the approval of the financial statements by Nepal Rastra Bank and the subsequent Annual General Meeting of the company.

    As of the latest available information, PRVU closed at Rs. 159.90 yesterday. The decision to forgo dividends suggests a strategic choice by the bank, and investors will await further details during the Annual General Meeting for a comprehensive understanding of the financial position and considerations behind this decision.

  • Nepal Life Insurance: No Dividend Distribution for FY 2078/79

    Nepal Life Insurance: No Dividend Distribution for FY 2078/79


     

    Nepal Life Insurance Company Limited (NLIC) announces its decision to forgo the distribution of dividends for the Fiscal Year 2078/79, following the resolution made during its 367th Board Meeting held on Magh 7, 2080. The company, subject to approval from the regulatory authority, Nepal Insurance Authority, and the impending Annual General Meeting, has opted not to distribute dividends to its shareholders based on the profit earned during the specified fiscal year. This strategic decision reflects NLIC’s commitment to financial prudence and aligns with regulatory considerations, ensuring transparency and responsible financial management.

     

  • United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80

    United Ajod Insurance (UAIL) Proposes 10.8013% Dividend for Fiscal Year 2079/80


    United Ajod Insurance Limited (UAIL) has put forth a proposal for a 10.8013% dividend for the fiscal year 2079/80. This decision was reached during a board of directors meeting held on Magh 04. The proposed dividend distribution includes 10.2612% in bonus shares and 0.5401% in cash dividend, the latter being designated for tax-related purposes. The current paid-up capital of the company stands at Rs. 1.90 Arba.

    The finalized distribution of the dividend is contingent upon approval from the Nepal Insurance Authority and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). UAIL concluded at Rs. 656 on Thursday.