6.50% dividend announced for unitholders of NIBL Samriddhi Fund-1; Rs.6.50 Crore to be distributed including tax

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the dividend decision of NIBL Samriddhi Fund-1 (NIBSF1).

The 73rd BOD meeting of NIBL Ace Capital has decided that the company will distribute 6.50% cash dividend (including tax) worth Rs.6.50 Crore to the unitholders of NIBSF1, out of the profits of FY 75/76.

The mutual fund scheme had previously distributed 12% cash dividend out of the profits of FY 74/75. The mutual fund scheme’s NAV stands at Rs.10.56 on Shrawan end as compared to Rs.10.69 in previous month.