Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Today is the last day to clinch 10% bonus share pledged by Arun Valley Hydropower Development Company Limited (AHPC) for its fiscal year 2070/71 net profit. Book closure has been announced for August 22 ahead of the AGM, with a 0.75% cash dividend also pledged.
The right issue will close on September 15. Civic Development Bank Limited has floated 4:1 right shares at a face value of Rs 100 per unit and has pledged a 9% cash dividend for the FY 2069/70.
The board of directors of Unilever Nepal Ltd has recommended a 860% cash dividend of Rs 860 per Rs 100 share, subject to approval at the upcoming annual general meeting. This is the highest dividend announced by any listed company so far.
AHPC will publish its Q4 financial report within a week and expects a net profit of about Rs 6 crore; the board also approved a 10% bonus share and 0.5% cash dividend to cover bonus share taxes.
First Microfinance Development Bank Limited has proposed a 15.79% cash dividend for FY 2070/71, pending approval from Nepal Rastra Bank and confirmation at its upcoming AGM.
NB Bank will distribute a 7.89% cash dividend warrant for FY 2069/70 to shareholders starting 29 July. Distribution will be handled by Global IME Capital Limited, Rastra Nachghar, Jamal, from Sunday to Thursday 10 AM to 2 AM and on Friday 10 AM to 1 PM.
Sunrise Bank Limited will commence distribution of 11% bonus share certificates from Sunday, allowing holders recorded by April 9 to receive the certificates. The bank also plans a 10% right issue after the bonus adjustment and a conversion of 19% promoter shares to ordinary shares.
Citizens Bank International Limited is likely to offer 15% bonus shares to its shareholders from the 2070/71 fiscal year net profit, pending central bank approval and the upcoming Annual General Meeting.
Tinau Development Bank has launched a 4:1 right issue of 3.22 lakh units at a face value of Rs 100, starting Aug 15 with book closure on Jul 30 and subscription deadline on Sept 18, after which its paid‑up capital will rise to Rs 16.10 crore.
Civic Development Bank Limited will begin its 4:1 right issue on Aug 13, offering shares at Rs 100 each; book closure already announced from July 21, with the issue scheduled to close on Sep 15. Innovative Development Bank will follow with its 4:1 right issue on Aug 14, closing on Sep 16.
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