Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Shikhar Insurance Company Limited closes the issuance of 2:1 right shares at a face value of Rs 100 from today. Holders of the company’s shares as of April 1 are entitled to receive the rights, with the book closure scheduled for April 2, and NIBL Capital Markets Limited is the issue manager.
Excel Development Bank Limited anticipates net profit exceeding Rs 6 crore and a bonus share issue of at least 25 % for the 2070/71 fiscal year, subject to capital adequacy ratios. The bank is also exploring a merger with Kalinchowk Development Bank in the coming months.
The right issue of 1:1 shares opens today for Nepal Insurance shareholders and will close at the end of banking hour on June 18. The issuance will double paid‑up capital from Rs 13.19 crore to Rs 26.38 crore.
Bonus shares of 9 companies are now listed for trading on Nepal Stock Exchange Limited as of Friday, May 11. They include Lumbini Bank (1,281,280 units), Siddhartha Bank (1,943,093 units), Sana Kisan Bikas Bank (2,306,823 units), Life Insurance Corporation Nepal (1,518,750 units), Diprox Laghubitta Bikas Bank (212,283 units), Standard Chartered Bank (1,877,720 units), Excel Development Bank (500,000 units), NLG Insurance (270,000 units), and Everest Finance (126,312 units).
The 2:1 right share issue starts on May 23 and closes on June 26. Only shareholders on record as of May 10 are entitled to subscribe.
Today, April 30, is the last trading day to claim a 31.58 % cash dividend from Agricultural Development Bank Limited (ADBL) before the book closure begins on May 2 for the AGM scheduled May 23. This dividend is the highest paid by a state‑run bank and the second highest among commercial banks in Nepal for the last fiscal year.
The 1:1 rights issue for AHPC closes today. The rights shares, priced at Rs 100, are expected to be listed by mid‑June.
Offer closes at the end of the banking hour on June 18, while the right share issuance is open from May 15.
Issuance of Shikhar Insurance's 2:1 right shares closes on May 18; shareholders holding shares as of April 1 are entitled to the rights. The insurer also plans to distribute approximately 20% bonus shares for the last fiscal year.
National Life Insurance Company Limited (NLICL) is offering a 55% bonus share and 17.5% cash dividend on its net profit from FY 2069/70, pending approval by the Insurance Board and its AGM.
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