Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Siddhartha Investment Growth Scheme‑1 (SIG1) has pledged a 15% cash dividend for the 2070/71 fiscal year, reserving 5% of distributable profit for the current year. Units currently trade at Rs 16.5, offering investors an attractive payout opportunity.
Today is the final day for shareholders to secure the 62% dividend announced by Everest Bank Ltd, pending approval at its upcoming annual general meeting. The dividend comprises 50% cash and 12% bonus shares, subject to NRB approval.
NEPAL EXPRESS FINANCE has announced a 35.79% dividend (34% bonus shares and 1.79% cash) based on Rs 8.79 crore net profit for FY 2070/71, pending approval at the upcoming AGM and by the Nepal Rastra Bank. Sewa Bikas Bank Limited and Gandaki Bikas Bank Ltd have respectively proposed 20% bonus shares with Rs 27.11 lakh cash dividend and 10% bonus shares with 10% cash dividend, both also awaiting AGM and NRB approval.
NCC Bank is scheduled to convene its FY 2069/70 and 2070/71 AGMs by the Ashoj end, where it is expected to approve a minimum 37% bonus share issue to bring paid‑up capital up to the NRB‑mandated Rs 2‑arba threshold.
The 393rd board of directors of Nabil Bank has proposed a 45% cash dividend and 20% bonus shares, pending approval from Nepal Rastra Bank and the upcoming AGM. Net profit for FY 2070/71 rose to Rs 2.32 arba, up from Rs 2.23 arba.
Commercial banks may issue bonus shares this fiscal year to raise their capital adequacy ratios. NRB encourages banks to maintain at least 10% CAR plus a 1% buffer, with four banks below the requirement.
Today, 352,720 bonus shares and 875,000 right shares of Shikhar Insurance Co. Ltd. are listed for trading. Additionally, Triveni Bikas Bank Ltd. lists 471,947 bonus shares, and Kabeli Bikas Bank Ltd. lists 44,000 bonus shares and 80,000 right shares.
Book closure for the 14 % cash dividend of Nabil Balanced Fund‑1 will close on September 4. The fund will pay 14 % to subscribers, up from 5.5 % before SEBON’s intervention.
Everest Bank will pay a 62% dividend (50% cash, 12% bonus shares) to shareholders holding shares until Bhadra 17. Book closure runs from Bhadra 18 to Ashoj 14, with the dividend subject to AGM approval.
First Microfinance Development Bank Limited proposed a 1:1 right issue to shareholders on August 5, but the offer will remain restricted until it receives approval at the upcoming AGM.
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