Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
NLIC will offer a total dividend of 98.5 %—70 % bonus shares and 28.5 % cash—pending Insurance Board approval at the upcoming AGM. If approved, paid‑up capital will rise above Rs 1 arba from the current Rs 63.75 crore.
The right issue will close on May 21. Metro Development Bank will offer 3.71 lakh units of 20:7 right shares at Rs 100 each starting April 17, raising paid‑up capital to Rs 14.31 crore.
NCC aims to approve bonus shares from its projected FY‑2070/71 profit after central bank approval, potentially issuing 15–18% bonus shares to lift paid‑up capital to Rs 2 arba. The bank plans to hold its AGM in Jestha.
The issuance of Shikhar Insurance's 2:1 right shares will close on May 18. Shareholders holding shares as of April 1 are entitled to the right shares; book closure begins April 2.
The Nepal Rastra Bank approved a 31.58% dividend for Agricultural Development Bank Limited (ADBL). The board will announce the annual general meeting shortly.
Shikhar Insurance will close the book for its 2:1 right shares on April 2, with shareholders on record by April 1 entitled to receive the rights. The company plans to distribute about a 20% bonus share post the right issue, following a record profit growth of 1605.43% for FY 2068/69.
52.41 lakh units of Chilime Hydropower Company's bonus shares, serial numbers 17472001 to 22713600, are now listed for trading on NEPSE. The company had previously allocated a 30% bonus and a 10% cash dividend in its October AGM.
The 1:1 rights shares of Arun Valley Hydropower Development Company Limited (AHPC) are being issued at Rs 100 face value and the offer closes on April 28 2024. The shares are expected to be listed around mid‑June.
The central bank is expected to approve Agricultural Development Bank Limited's 31.58% cash dividend within the next week, possibly in a day or two. The dividend is based on a net profit of Rs 225.99 crore posted in fiscal year 2068/69.
The issue book opens today and will close on May 6, allowing investors to apply for the 20:1 right shares. After the issuance, Asian Life Insurance's paid‑up capital will rise to Rs 52.27 crore.
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