Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Shareholders of Nirdhan Utthan Bank Limited must submit any uncollected cash dividends and share certificates by the date specified in the bank’s notice.
Shareholders must submit their uncollected cash dividends and share certificates to Laxmi Bank Limited by the end of this week. Failure to do so may result in forfeiture of the dividends and certificates.
Dividends will be distributed after the upcoming general assembly for Citizens Bank International and Om Finance. Citizens Bank International proposes a 15% cash dividend; Om Finance proposes a 21% dividend, 20% bonus shares and a 1% cash dividend.
SBI Limited has declared a 7.5% cash dividend to be paid to shareholders. In addition, the bank will offer 12.5 bonus shares per 100 shares.
Dividend proposals by First Microfinance Development Bank, Bagmati Development Bank and Tinau Development Bank have been passed by their Boards and now await approval from Nepal Rastra Bank and the scheduled AGM.
Issue of 10:2.15 right shares by Surya Life Insurance starts from 18th Bhadra to 21st Ashwin, 2070.
Surya Life's rights offer for 8,87,000 unit shares opens today (Aug 25) at a 10:2.15657671 ratio to raise paid‑up capital from Rs 41.13 crore to Rs 50 crore; Elite Capital Limited is appointed issue manager.
Shareholders of Narayani National Finance Limited can now claim any uncollected cash dividends up to the present date. Submit required details as per the notice.
Shareholders can obtain additional shares through a 4:1 rights issue available from 24th Bhadra to 4th Kartik, 2070.
Miteri Development Bank's board has proposed a 20% bonus share and 5% cash dividend, pending NRB approval and the bank’s AGM scheduled for Ashoi. The dividends will be paid after the AGM.
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