Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Miteri Development Bank will distribute 25% bonus shares and 1.12% cash dividend to shareholders, and Mahalaxmi Finance will pay an 18% cash dividend; both actions are subject to AGM and Nepal Rastra Bank approval.
NCC Bank has announced a 38 % bonus share issue and a 2 % cash dividend for tax purposes, pending approval at its AGM scheduled for the end of Ashoj or first week of Kartik.
Today is the last day to acquire 10% bonus shares from Oriental Hotels Private Limited, as the book closure for the upcoming AGM begins tomorrow and only shareholders holding shares by today will be eligible. The hotel, which reported a net profit of Rs 21 cr for FY2070/71, is offering these for the first time ever.
Both banks have announced dividend packages—Sahayogi Bikas Bank: 26% bonus share and 10% cash, Narayani National Finance: 5% bonus share and 20% cash—subject to central bank approval and upcoming AGM.
Seven mid‑cap banks including Everest, Kumari, Lumbini and others have now met the paid‑up capital requirement and declared dividends, offering total dividends ranging from 21% to 65%. These payouts may influence market sentiment.
Dividend of 12.60% and 7% bonus shares remains undistributed as the bank awaits central bank approval; Jyoti Bikas Bank expects distribution before Dashain after the Jiri Khola Sana Hydropower project began generating power.
Today is the final day to acquire the 4:1 rights shares of Innovative Development Bank. 2,62,500 units are being floated and, once issued, will lift the bank's paid‑up capital to Rs 13.13 crore.
{"title":"Kumari Bank announces 33% bonus share and 1.74% cash dividend","summary":"Kumari Bank's Board today proposed a 33% bonus share and a 1.74% cash dividend to cover taxes on its 2070/71 profits. The proposal follows a modest 17% profit growth in the last quarter."},{"title":"Laxmi Bank announces 20% bonus share and 1.05% cash dividend","summary":"Laxmi Bank today announced a 20% bonus share and a 1.05% cash dividend to cover taxes on its 2070/71 profits. The decision was made during the bank’s Board of Directors meeting."}
Manaslu Bikas Bank Ltd has proposed a 10.05% bonus share and a 0.5% cash dividend for tax purposes to its shareholders. The dividend will be finalized upon approval by Nepal Ratra Bank and at the bank’s upcoming AGM.
Preferential shareholders of Taragaun Regency Hotels Limited are urged to collect principal and interest warrants immediately. Principal and interest are available at NMB Capital Limited and the Share Department in Baudha, with a 18% interest rate adjusted up to April 15, 2006.
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