Tag: Distributed

  • NIC Asia Laghubitta disbursed cash dividends directly to the bank accounts of its shareholders

    NIC Asia Laghubitta disbursed cash dividends directly to the bank accounts of its shareholders


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has directly credited a 15% cash dividend to the bank accounts of its shareholders and encouraged them to dematerialize their shares.

    During the 6th Annual General Meeting held on the 6th of Poush, 2080, NICLBSL approved a 15% cash dividend for the fiscal year 2079/80. The board of directors, in a meeting on Kartik 1st, decided to disburse the entire dividend in cash. With the company’s paid-up capital standing at Rs. 1.73 Arba, the cash dividend amounts to just over Rs. 26.09 crores.

    In addition, NICLBSL has urged shareholders, especially those who haven’t updated their bank information within the Demat account, to dematerialize their shares.

    Moreover, eligible investors who have borrowed against the company’s shares before the book closure date are required to submit a No Objection Letter from their lending institution to receive the dividend.

  • Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization

    Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization


    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has taken the initiative to distribute a 15% cash dividend directly to the bank accounts of its shareholders and has encouraged them to convert their shares into dematerialized form.

    The company convened its 4th Annual General Meeting (AGM) for the fiscal year 2078/79 on the 26th of Ashwin, 2080. During this AGM, NESDO approved a 15% dividend, which includes applicable taxes, for the fiscal year 2078/79. The disbursement of this dividend into the bank accounts of shareholders commenced on the 29th of Ashwin, 2080.

    In addition to this, NESDO has made a specific request to its shareholders, particularly those who have not updated their bank information within the Demat account, to consider converting their shares into dematerialized form. This move aligns with modern financial practices and can streamline the dividend distribution process.

    Moreover, NESDO has outlined a requirement for eligible investors who have obtained loans against the company’s shares before the book closure date. To be eligible for dividend payment, these investors must provide a No Objection Letter from their respective lending institutions.

    By introducing these measures, NESDO is aiming to enhance the efficiency and transparency of its dividend distribution process while encouraging shareholders to modernize their shareholding by dematerializing their shares.

  • Citizens Capital Distributes 8% Cash Dividend to ‘Citizens Mutual Fund-2’ Unit Holders

    Citizens Capital Distributes 8% Cash Dividend to ‘Citizens Mutual Fund-2’ Unit Holders


    Citizens Capital Limited has provided an 8% cash dividend to the unit holders of “Citizens Mutual Fund – 2 (CMF2)” directly to their bank accounts, along with encouraging them to convert their physical shares into electronic format.

    For the last fiscal year, 2079/2080, the fund declared an 8% return and closed its books on Bhadra 19 to facilitate cash dividend distribution. Starting from the 8th of Ashwin, 2080, the fund initiated the process of depositing these returns into the beneficiary accounts of the unit holders.

    Additionally, the company is making a request to unit holders, particularly those who haven’t updated their bank information within their Demat accounts, to consider dematerializing their shares.

     

  • Sanima Equity Fund Distributes 18% Cash Dividends to Unitholders’ Bank Accounts

    Sanima Equity Fund Distributes 18% Cash Dividends to Unitholders’ Bank Accounts


    Sanima Capital Limited has given 18% cash dividends to unit holders of “Sanima Equity Fund” and encouraged them to digitize their shares. This return was announced for the fiscal year 2079/2080. Starting from the 22nd of Ashwin, 2080, the fund began depositing these returns directly into the beneficiary accounts of the unit holders. The merchant bank has requested all unit holders to check and confirm the returns in their beneficiary accounts.

     

  • How are dividends distributed by the companies?

    How are dividends distributed by the companies?


    Are dividends provided directly to share holder’s bank account.

    Or is it given to the broker which then forwards the money?

    View on r/NepalStock by RizanTMZ

  • how is fractional bonus share distributed?

    how is fractional bonus share distributed?


    Lets say I have 10 shares of ABC company and it’s distributing 17% bonus shares? How many bonus shares I get, mathematically I should get 1.7 shares. How does this work?

    View on r/NepalStock by ShoddyStreet677

  • NIBL Pragati Fund Distributes 6.8% Cash Dividends to Unitholders’ Bank Accounts

    NIBL Pragati Fund Distributes 6.8% Cash Dividends to Unitholders’ Bank Accounts


    NIMB Ace Capital Limited has distributed a 6.8% cash dividend from the “NIBL Pragati Fund (NIBLPF)” directly to the unit holders’ bank accounts. They have also encouraged unit holders to convert their shares into dematerialized form.

    This distribution represents the 6.8% return for the fiscal year 2079/2080, with the fund initiating deposits into beneficiaries’ accounts from the 12th of Ashwin, 2080. The company emphasizes that all unit holders should verify the return in their beneficiary accounts.

    Furthermore, they have urged unit holders to update their bank information in the Demat account to ensure the smooth receipt of dividends. For eligible investors who have taken loans against the company’s shares, it’s essential to provide a No Objection Letter from their lending institution to receive the dividend.

     

  • ADBL Distributes 2% Bonus Shares and Urges Shareholders to Dematerialize

    ADBL Distributes 2% Bonus Shares and Urges Shareholders to Dematerialize


    Agricultural Development Bank Limited (ADBL) has recently taken steps to benefit its shareholders by distributing 2% bonus shares directly to their Demat accounts. To encourage a smoother and more convenient process, the bank urges shareholders to convert their physical shares into electronic form. By doing so, shareholders can easily manage and trade their shares online, aligning with the industry trend towards digitalization.

    During the bank’s 16th Annual General Meeting held on the 14th of Chaitra, a 13% dividend for the fiscal year 2078/79 was approved. This decision reflects ADBL’s strong financial performance during that period. Additionally, during the 1000th meeting of the Board of Directors, held on Poush 26, it was decided to distribute the dividend based on the paid-up capital of Rs. 13.18 Arba. This distribution included a proposal for a 2% bonus share allocation and an 11% cash dividend.

    The allocation of bonus shares allows ADBL to provide its shareholders with additional shares in proportion to their existing holdings. This serves as a way for the bank to share its success with its shareholders and enhance their investment value. The direct deposit of the bonus dividend into the Demat accounts further streamlines the process and offers convenience to shareholders.

    In addition to the bonus shares, ADBL has proposed an 11% cash dividend on the paid-up capital of Rs. 13.18 Arba. This cash dividend distribution allows shareholders to receive a portion of the profits in cash, providing them with immediate financial returns. Moreover, the bank has also decided to distribute a 6% cash dividend specifically for Irredeemable Non-cumulative Preference Shares, ensuring that the holders of these shares also receive their fair share of the profits.

    ADBL’s recent initiatives, such as the direct allocation of bonus shares and the proposed dividends, aim to reward and benefit its shareholders. By urging shareholders to dematerialize their shares, the bank embraces digitalization trends and facilitates smoother transactions and ownership transfers. Through these measures, ADBL seeks to enhance shareholder value and foster a positive relationship with its investor community.

  • Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results

    Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results


    Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has recently distributed 20% bonus shares directly to the DEMAT accounts of its shareholders. The company encouraged its shareholders to dematerialize their shares in order to receive the bonus shares smoothly.

    During the 6th Annual General Meeting held on the 11th of Chaitra, the shareholders of SMFBS approved a dividend of 21.0526% amounting to Rs. 2.56 Crores for the fiscal year 2078/79. In a subsequent board of directors meeting on Magh 11, it was decided to distribute the dividend on the paid-up capital of Rs. 12.17 Crores. The proposed distribution plan included 20% bonus shares and 1.0526% cash dividend (for tax purposes).

    Following these decisions, the bonus shares have now been deposited directly to the DEMAT accounts of the shareholders. This simplifies the process for shareholders to receive and manage their bonus shares electronically, without the need for physical share certificates.

    By distributing the bonus shares to DEMAT accounts, SMFBS aims to facilitate a more efficient and secure method of shareholding for its investors. It encourages shareholders to embrace the dematerialization process and enjoy the benefits of holding their shares in electronic form.

    Overall, the distribution of 20% bonus shares to the DEMAT accounts of shareholders reflects SMFBS’s commitment to rewarding its investors and promoting the modernization of shareholding practices. It provides shareholders with the opportunity to conveniently manage their bonus shares and participate in the company’s growth and future prospects.

  • Jyoti Bikas Bank (JBBL) Distributes 3% Bonus Shares and Encourages Dematerialization

    Jyoti Bikas Bank (JBBL) Distributes 3% Bonus Shares and Encourages Dematerialization


    Jyoti Bikas Bank Limited (JBBL) has recently provided 3% bonus shares directly to the DEMAT accounts of its shareholders and has urged them to convert their physical shares into electronic form through dematerialization. The bank’s move aims to facilitate seamless share transactions and promote the modernization of shareholding processes.

    During the bank’s 15th Annual General Meeting (AGM) held on the 14th of Falgun, a dividend of 6.80% amounting to Rs. 29.02 crores was endorsed for the fiscal year 2078/79. The dividend distribution decision was made during the 440th board of directors meeting on Poush 22. Based on the bank’s paid-up capital of Rs. 4,26,77,53,287, the proposed distribution includes 3% bonus shares valued at Rs. 12.80 crores and a 3.80% cash dividend (intended for tax purposes) totaling slightly over Rs. 16.21 crores. It is important to note that the bonus shares have already been listed on the Nepal Stock Exchange (NEPSE).

    JBBL has also requested its shareholders to pay the applicable tax amount for the 11% bonus shares proposed during the fiscal year 2077/2078, including the cash dividend approved during the 15th AGM. Shareholders can find detailed information regarding the tax amount they are required to pay on the website of the share registrar, NIBL Ace Capital Limited.

    By distributing bonus shares and emphasizing the dematerialization process, JBBL demonstrates its commitment to providing value to its shareholders and keeping up with technological advancements in the financial industry. The bank’s efforts aim to enhance efficiency, transparency, and convenience for its shareholders.