Tag: valued

  • Himalayan Everest Insurance Holds AGM on Chaitra 29th to Approve 2.89% Dividend

    Himalayan Everest Insurance Holds AGM on Chaitra 29th to Approve 2.89% Dividend


    Himalayan Everest Insurance Limited (HEI) has scheduled its 29th annual general meeting for Chaitra 29, 2079. The meeting will begin at 11 a.m. that day at the Baneshwor Banquet in Thapagaun.

    Among the other items on the agenda, the AGM will approve a 2.89% dividend for fiscal year 2078/79. The 297th meeting of the board of directors, held on Poush 26, decided to distribute a dividend of Rs. 2.23 Arba on the paid-up capital. A cash dividend of 0.14% and 2.75% bonus shares have been proposed. Thus, the bonus shares are valued at Rs. 6.15 crores, while the cash dividend is valued at Rs. 32.42 lakhs.

     

  • Jeevan Bikas Laghubitta Modifies the Dividend Rate for Fiscal Year 2078/79

    Jeevan Bikas Laghubitta Modifies the Dividend Rate for Fiscal Year 2078/79


    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has reduced the dividend rate for fiscal year 2078/79 from 37.3684% to 33.15%.

    The 72nd meeting of the board of directors, held on Falgun 06, resolved to give a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares had been recommended.

    The dividend was to be paid only after clearance from Nepal Rastra Bank and approval from the company’s future AGM. The dividend has been changed in accordance with Nepal Rastra Bank’s directives. As a result, a new dividend rate of 26% Bonus dividend and 7.15% cash dividend has been recommended.

    Consequently, the bonus shares are valued at Rs. 26.89 crores, while the cash dividend is valued at Rs. 7.39 crores.

  • JBLB proposes a 37.368% dividend for fiscal year 2078/79.

    JBLB proposes a 37.368% dividend for fiscal year 2078/79.


    For the fiscal year 2078/79, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has proposed a dividend of 37.3684%.

    The 72nd meeting of the board of directors, held on Falgun 06, decided to distribute a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares have been proposed. Thus, the bonus shares are valued at Rs. 28.95 crores, while the cash dividend is valued at Rs. 9.68 crores. For the tax amount on bonus shares, a cash dividend has been proposed.

    The dividend will be paid only after approval from Nepal Rastra Bank and approval from the company’s upcoming AGM. Last week, JBLB closed at Rs. 2,711.

    Last year, the company paid a 73.68% dividend, including 70% bonus shares, for fiscal year 2077/78.