Tag: Dividend

  • Nepal Lube Oil Proposes 30% Dividend for FY 2079/80; Calls 32nd AGM

    Nepal Lube Oil Proposes 30% Dividend for FY 2079/80; Calls 32nd AGM


    Nepal Lube Oil Limited (NLO) has proposed a 30% dividend for the fiscal year 2079/80 and has scheduled the 32nd Annual General Meeting (AGM) on Poush 25, 2080. The decision to propose a 30% dividend, comprising 25% bonus shares and 5% cash dividends, was made during the 371st meeting of the board of directors held on Poush 01. The company’s current paid-up capital stands at Rs. 4.86 Crores.

    Additionally, the AGM will address the endorsement of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. There will also be a crucial agenda item to appoint an auditor for the fiscal year 2080/81.

    Investors are notified that the book closure date is set from Poush 10 to Poush 24. Consequently, shareholders who maintain their shares before this date will be eligible for the dividend payout and can also participate in the upcoming AGM. As of the last trading day, NLO closed at Rs. 282.40.

  • “First Microfinance Laghubitta Bittiya Sanstha Calls 14th AGM, Proposes 15% Dividend Distribution”

    “First Microfinance Laghubitta Bittiya Sanstha Calls 14th AGM, Proposes 15% Dividend Distribution”


    First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced its 14th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080. The meeting is set to take place at Amrapali Banquet in Bhatbhateni, Kathmandu, commencing at 10 AM on the specified day.

    One of the key items on the agenda for the AGM is the endorsement of a 15% dividend amounting to Rs. 17.21 Crores for the fiscal year 2079/80. The decision to distribute this dividend was made during the 211th meeting of the board of directors held on Mangsir 13. The proposed distribution includes a 7.5% bonus in the form of additional shares and a 7.5% cash dividend, the latter being designated for tax purposes. The total dividend is calculated based on the paid-up capital of Rs. 1.14 Arba.

    Shareholders are advised that the book closure date is on Poush 12. This means that individuals holding shares as of this date will be eligible for the dividend payout and can also participate in the upcoming AGM. The dividend distribution and proposed agendas are subject to the approval of the shareholders during the AGM.

  • Attention Shareholders: Nepal SBI Bank Calls for Collection of Unclaimed Dividends

    Attention Shareholders: Nepal SBI Bank Calls for Collection of Unclaimed Dividends


    Nepal SBI Bank Limited (SBI) has released a notification calling upon its shareholders to retrieve outstanding dividends that remain uncollected. The announcement highlights that certain investors have yet to claim dividends allocated during the fiscal year 2074/75. The dividend disbursement took place in the aforementioned fiscal year when the bank distributed cash dividends to its shareholders.

    To facilitate the retrieval process, the bank is urging shareholders who have not yet availed themselves of their dividend entitlements to visit Nepal SBI Merchant Banking, located in Thamel, within the next month. To complete the claim, investors are required to present valid identification or their share certificates along with proof of identity.

    As of the latest update, the Last Traded Price (LTP) for SBI stands at Rs. 322. This initiative aims to ensure that all shareholders receive their due dividends, emphasizing the importance of timely collection to those who may have overlooked or not yet claimed their share of the fiscal year 2074/75 dividend distribution.

  • Shree Investment Finance Company Proposes 5.05% Cash Dividend for FY 2079/80

    Shree Investment Finance Company Proposes 5.05% Cash Dividend for FY 2079/80


    Shree Investment Finance Company Limited (SIFC) has put forward a proposal for a 5.05% cash dividend amounting to Rs. 4.96 for the fiscal year 2079/80. This decision was reached during the 336th board meeting held on Mangsir 26, with the dividend distribution derived from the company’s paid-up capital of Rs. 98.16 crores. The proposed 5.05% cash dividend is valued at slightly over Rs. 4.96 crores.

    Subject to approval by the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM), the dividend will be distributed. As of the current update, Shree Investment Finance Company Limited’s Last Traded Price (LTP) is Rs. 355.

  • Laxmi Sunrise Bank Proposes 7.37% Dividend for Fiscal Year 2079/80 After LBL-SRBL Merger

    Laxmi Sunrise Bank Proposes 7.37% Dividend for Fiscal Year 2079/80 After LBL-SRBL Merger


    Laxmi Sunrise Bank Limited (LSL) has proposed a dividend of 7.37% for the fiscal year 2079/80. This proposal was put forward during the 283rd board meeting held on December 12, 2023. The dividend is calculated based on the company’s paid-up capital, which currently stands at Rs. 21.67 Arba. The proposed dividend includes 7% bonus shares amounting to 15,169,166.50 Units and a 0.37% cash dividend, inclusive of tax, totaling Rs. 79,837,718.

    However, the final approval of this decision rests with the Nepal Rastra Bank, and subsequent endorsement is required during the Annual General Meeting (AGM) of the company.

    It is noteworthy that Laxmi Bank Limited (LBL) and Sunrise Bank Limited (SRBL), both licensed financial institutions under category “A” from Nepal Rastra Bank (NRB), successfully completed their merger at a share swap ratio of 1:1. The paid-up capital of LBL was Rs. 11.55 Arba, and SRBL had a paid-up capital of Rs. 10.11 Arba. The merger resulted in a combined paid-up capital of Rs. 21.67 Arba.

    The newly formed entity resulting from the merger is named “Laxmi Sunrise Bank Limited,” and it commenced its integrated business operations from Ashad 29.

  • Chilime Hydropower Company Proposes 15% Dividend and Announces AGM for Fiscal Year 2079/80

    Chilime Hydropower Company Proposes 15% Dividend and Announces AGM for Fiscal Year 2079/80


    Chilime Hydropower Company Limited (CHCL) has recommended a dividend of 15% and scheduled its 27th Annual General Meeting (AGM) for Poush 20, 2080.

    During the 423rd meeting of the board of directors on Mangsir 22, the proposal included a 15% dividend for the fiscal year 2079/80. The proposed distribution comprises 10% bonus shares amounting to Rs. 72.58 Crores and a 5% cash dividend of Rs. 36.29 Crores. The company’s current paid-up capital stands at Rs. 7.25 Arba.

    To facilitate dividend distribution and the AGM, the company has set the book closure date for Poush 08. Shareholders holding positions on or before this date will be eligible for the dividend payout and can participate in the AGM.

    As of the latest update, the Last Traded Price (LTP) of CHCL shares is Rs. 479.

  • Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) Wraps Up Dividend Offer Today

    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) Wraps Up Dividend Offer Today


    Investors have until today to seize the opportunity for a 13.01% dividend from Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL), as the company has declared its 22nd Annual General Meeting (AGM) on 4th Poush, 2080.

    During the 418th board of directors meeting convened on Ashwin 30, it was decided to allocate the dividend on the paid-up capital of Rs. 1.29 Arba. The proposed dividend includes a 12.3599% bonus shares amounting to Rs. 15.95 crores and a 0.6505% cash dividend (inclusive of tax) totaling Rs. 83.94 lakh.

    To be eligible for the dividend payout and attendance at the AGM, shareholders must maintain their status until the book closure on 22nd Mangsir 2080.

  • “Nepal Insurance Company Announces 75th AGM with Dividend Approval and Key Agenda Items”

    “Nepal Insurance Company Announces 75th AGM with Dividend Approval and Key Agenda Items”


    Nepal Insurance Company Limited (NICL) has scheduled its 75th Annual General Meeting (AGM) to take place on the 13th of Poush, 2080. The venue for the meeting is set at Nepal Pragya Pratisthan, Kamaladi, Kathmandu, with proceedings commencing at 11 am.

    Among the various items on the agenda, the AGM will seek approval for a 10.5263% dividend for the fiscal year 2079/80. The decision to distribute this dividend was made during the 8th meeting of the board of directors held on Mangsir 9, 2080. The proposed dividend includes a 0.5263% cash dividend amounting to Rs. 78.67 lakhs and a 10% bonus shares allocation valued at Rs. 14.94 Crores. As of the latest available data, the existing paid-up capital of NICL stands at Rs. 1.49 Arba.

    Additionally, the AGM will cover agendas such as the endorsement of the auditor’s report, inclusive of profit and loss statements, financial reports, and cash flow reports. The meeting will also address the appointment of an auditor for the fiscal year 2080/81 and seek approval for the appointment of directors.

    The book closure date for the AGM is set on Mangsir 28. Shareholders holding positions before this date are entitled to the dividend payout and are eligible to participate in the AGM.

  • FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend

    FMDBL Proposes 15% Dividend for FY 2079/80: Rs. 17.21 Crores in Bonus Shares and Cash Dividend


    First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has put forward a proposal for a 15% dividend, amounting to Rs. 17.21 Crores, for the fiscal year 2079/80. The decision was made during the 211th meeting of the board of directors on Mangsir 13. This proposed dividend will be distributed on the paid-up capital of Rs. 1.14 Arba, with a breakdown of 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 8.60 Crores each. The distribution of this dividend is subject to approval by the central bank and subsequent endorsement at the company’s upcoming Annual General Meeting (AGM). As of the latest available information, FMDBL has a Last Traded Price (LTP) of Rs. 575.

     

  • NMB Bank (NMB) Announces No Dividend Distribution for Fiscal Year 2079/80

    NMB Bank (NMB) Announces No Dividend Distribution for Fiscal Year 2079/80


    NMB Bank Limited (NMB) has announced its decision to abstain from distributing dividends for the Fiscal Year 2079/80. The resolution was reached during the Board Meeting convened on Mangsir 13. It’s crucial to highlight that this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the subsequent Annual General Meeting of the company.

    The last recorded trading price of NMB is Rs 204.30. The bank’s decision to forgo dividends marks a notable development in its financial policies.

    Past Dividend History:

    In the context of the bank’s dividend distribution history, specific details regarding past dividends and the factors influencing the current decision were not provided in the available information. The focus of the announcement is on the decision for the fiscal year 2079/80 and the requisite approvals needed for its implementation.

  • Unilever Nepal Limited Offers 1580% Cash Dividend in Celebration of 30th Anniversary

    Unilever Nepal Limited Offers 1580% Cash Dividend in Celebration of 30th Anniversary


    Today marks the final opportunity for shareholders to avail themselves of the 1580% cash dividend offered by Unilever Nepal Limited (UNL). The company, in conjunction with this, has scheduled its 30th Annual General Meeting (AGM) on the 26th of Mangsir, 2080.

    The decision to propose the significant cash dividend was made during the 179th Board of Directors meeting, conducted virtually on October 13, 2023. The Board approved the audited Annual Accounts for the fiscal year 2079/80 and recommended the distribution of NPR 1580 per share as a dividend from the available profit. This dividend distribution is a notable event, marking the culmination of 30 years of Unilever Nepal Limited’s successful journey.

    The book closure date for entitlement to the dividend and AGM participation is from the 12th to the 26th of Mangsir. Shareholders holding their positions until today are eligible for the dividend payout. As of the latest update, UNL is listed at an Last Traded Price (LTP) of Rs. 42,900.

  • Haven’t got Sanima Bank cash dividend yet

    Haven’t got Sanima Bank cash dividend yet


    I am yet to get the 5.7% cash dividend of Sanima Bank(whose book close was 2023-10-09). Anybody else? Any idea where and how should I complain?

    View on r/NepalStock by Far-Ad-6066