Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Hama Merchant and Finance Company Limited plans to issue 1:1 right shares as part of ongoing merger talks with Mega Bank Nepal Limited and Nepal Bangladesh Bank Limited. Shares have hit circuit on Nepse, trading at Rs 330 as of May 9, 2016.
NMB Microfinance Bittiya Sanstha Limited has approved a 1:1.2 right share issuance, bringing its paid‑up and issued capital to Rs 10.12 crore.
At its 17th AGM held on Baisakh 26, 2073, Machhapuchchhre Bank Limited approved a 16% bonus share dividend and a 0.84% cash dividend for tax purposes, and a 2:1 (50%) right share issuance following the bonus.
Api Hydropower Company Limited will submit its 1:2 (200%) right issue for SEBON approval tomorrow, with Siddhartha Capital handling issuance.
On Baisakh 26, 2073, Reliable Development Bank’s board proposed a 10% bonus share and a 1:1 right share to its shareholders, pending NBR approval and the AGM. If approved, the paid‑up capital would rise to Rs 81.21 cr and Rs 1.62 arba respectively.
NBB may issue up to 50% right shares soon to meet the NRB’s 11% CAR by mid‑July and to fulfill the Rs 8 billion paid‑up capital requirement by fiscal year end 2073/74.
ICRA Nepal assigned IPO Grade 4 to the IPOs of Nepal Hydro Developer Limited (650,000 shares at NPR100 each) and Dibyashwari Hydropower Limited (660,000 shares at NPR100 each), and rated United Finance Limited’s 25% rights issue of 1,159,837 shares at NPR100 each as below‑average fundamentals.
Today is the final day to apply for the 10:1 (10%) right shares of Jhimruk Bikas Bank Limited (JHBL); eligible shareholders may submit forms at any JHBL branch or Growmore Merchant Bank, and the bank’s paid‑up capital will rise to Rs 5.33 crore upon approval.
Only shareholders owning shares until Baisakh 29, 2073 will be entitled to the 25% bonus share and 1.32% cash dividend announced at LIC Nepal's 14th AGM on Jestha 11, 2073.
Standard Chartered announced a 44.21% dividend (25% bonus share and 19.21% cash) for FY 2071/72; Himalayan Bank declared 42.10% (35% bonus share and 7.1% cash); NIC Asia announced the highest bonus share at 39%; Laxmi Bank, Prabhu Bank, Rastriya Banijya Bank, Nepal Bank Limited and Janta Bank Limited have not yet declared dividends.
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