Progressive Finance proposes 7.3684% dividend for FY 2077/78
Dividend will be distributed only after central bank approval and AGM endorsement. 7% bonus shares worth Rs 5.6 crore and 0.3684% cash dividend of Rs 29.47 lakh have been proposed.
Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Dividend will be distributed only after central bank approval and AGM endorsement. 7% bonus shares worth Rs 5.6 crore and 0.3684% cash dividend of Rs 29.47 lakh have been proposed.
Today is the last trading day before the book‑closure date (Poush 04) for the dividends announced by Sunrise Bank (7%), Prabhu Bank (12.63%), and Manakamana Smart Laghubitta Bittiya Sanstha (17% bonus shares). Shareholders must maintain shares at close to be eligible.
The dividend proposed by CFCL will be distributed only after central bank approval and endorsement at the upcoming AGM. CFCL has proposed a 11% dividend for FY 2077/78, which includes 7.7% bonus shares worth slightly over Rs 6.78 crores and a 3.3% cash dividend totaling Rs 2.9 crores.
Shareholders of Jyoti Bikash Bank Limited must be on the books by Poush 09, 2078 to qualify for the 15.5% dividend on Rs. 3,84,48,22,781 paid‑up capital, scheduled for the AGM on Poush 23, 2078. The AGM also proposes an 11% bonus share issue worth Rs. 42.29 crore and a 4.5% cash dividend worth over Rs. 17.3 crore.
SEBON approved the 2:1 rights proposal of Samriddhi Finance Company Limited (SFCL) today, authorising the issuance of 27,29,705 new shares. The deal will be managed by BOK Capital and will lift SFCL's paid‑up capital to Rs 81.90 crore.
Bonus shares of Sagarmatha Insurance Company Limited (11% bonus, 0.5789% cash dividend) and Citizens Bank International Limited (12.913% bonus, 3.087% cash dividend) are now listed on NEPSE. Current LTPs are Rs. 1,106.10 for the former and Rs. 266 for the latter.
Today, Poush 1, is the book closure date for Support Laghubitta Bittiya Sanstha Limited—shareholders held until now qualify for a 31.5789% dividend (30% bonus shares worth over Rs 1.98 crore and a 1.5789% cash dividend of over Rs 10.42 lakh). The dividend will be confirmed at the AGM on Poush 10.
Shareholders of Butwal Power Company Limited (BPCL) must hold shares before Poush 11 to be eligible for the proposed 20% dividend for FY 2077/78. The 29th AGM on Poush 26 will also consider a 10% bonus and 10% cash dividend.
The proposed 13.68% dividend for FY 2077/78 will be paid only after central bank approval and AGM endorsement. MPFL also plans a 13% bonus of Rs 5.2 crore and a 0.68% cash dividend for tax.
Shareholders registered before Poush 07 will receive the 5.31% dividend and may attend the 28th AGM, scheduled for Poush 20 at 10:30 a.m. in Kathmandu.
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