How Many Companies Have Distributed Dividend for FY 2077/78 As of Now? Summary of All Sectors With Exact Dividend Figure

Companies listed in NEPSE have already started to declare the dividend for the fiscal year 2077/78.

Commercial Banks

21 out of the 26 commercial banks have already proposed the dividend for the fiscal year 2077/78. Nabil Bank has proposed the highest dividend, i.e. 38%. As of now, Sunrise Bank has paid the least, i.e. 7%.

The book closure date for dividends of five of these companies has already elapsed, meaning investors won't be able to claim the dividend of these companies. Meanwhile, other banks have yet to declare their book closure dates, and investors can buy the shares of these companies anytime before the book closure date to be eligible for the dividend.

Note for Beginners: You can buy the shares of a company after it has proposed its dividend and still be eligible to get the dividend. In other words, you do not have to invest in the company for one whole fiscal year, which is a misconception among amateur investors.

The book closure date is simply the date on which the company closes its books for the dividend. Investors can still buy the shares after that date but they won’t get the dividend. To get the dividend of the company, you must buy the shares before the book closure date and you must not sell those shares till the book closure date. For example, investors can buy the shares of a company on the last day before its book closure date and still be entitled to the dividend. The investor remains eligible even if they sell the shares at the book closure date.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

NMB

NMB Bank Limited

12.5

3.3

15.8

Not declared

2

SBL

Siddhartha Bank Limited

14.25

0.75

15

Not declared

3

KBL

Kumari Bank Limited

6

2.67

8.67

2021-10-25 [Closed]

4

LBL

Laxmi Bank Limited

8

3.5

11.5

Not declared

5

MBL

Machhapuchchhre Bank Limited

13.3

0.7

14

2021-10-24 [Closed]

6

EBL

Everest Bank Limited

6

4.32

10.32

Not declared

7

NBB

Nepal Bangladesh Bank Limited

12

3.5

15.5

2021-11-01 [Closed]

8

HBL

Himalayan Bank Limited

21.38

4.62

26

Not declared

9

SCB

Standard Chartered Bank Nepal Limited

10

3.06

13.06

Not declared

10

NIB

Nepal Investment Bank Limited

12.611

3.389

16

11/22/2021

11

NABIL

Nabil Bank Limited

33.6

4.4

38

Not declared

12

CZBIL

Citizens Bank International Limited

12.913

3.087

16

2021-10-08 [Closed]

13

PCBL

Prime Commercial Bank Limited

16

0.6313

16.6313

Not declared

14

SRBL

Sunrise Bank Limited

6.65

0.35

7

Not declared

15

SANIMA

Sanima Bank Limited

17

0.8947

17.8947

2021-10-24 [Closed]

16

MEGA

Mega Bank Nepal Limited

12.07

0

12.07

Not declared

17

NBL

Nepal Bank Limited

14

3

17

Not declared

18

GBIME

Global IME Bank Limited

10

3.5

13.5

Not declared

19

NICA

NIC Asia Bank Limited

15

0.7895

15.7895

Not declared

20

PRVU

Prabhu Bank Limited

12

0.63

12.63

Not declared

21

BOKL

Bank of Kathmandu Limited

10

4

14

Not declared

Development Banks

Similarly, 5 of the total 16 development banks listed in NEPSE have declared the dividend for the fiscal year 2077/78. The book closure dates of two of them have already elapsed. As of now, Kamana Sewa Bikas Bank Limited (KSBBL) has paid the highest 19.47% and Shangrila Development Bank Limited (SADBL) has paid the least 10.5263%.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

SADBL

Shangrila Development Bank Limited

10

0.5263

10.5263

2021-10-22 [Closed]

2

MNBBL

Muktinath Bikas Bank Limited

17.575

0.925

18.5

Not declared

3

SHINE

Shine Resunga Development Bank Limited

10.93

0.57

11.5

Not declared

4

KSBBL

Kamana Sewa Bikas Bank Limited

18.5

0.97

19.47

2021-10-27 [Closed]

5

LBBL

Lumbini Bikas Bank Limited

10

3.712

13.712

Not declared

Microfinance Companies

28 microfinance companies listed in NEPSE have declared the dividend for the fiscal year 2077/78. A total of 50 microfinance companies are listed. Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has paid the highest dividend, i.e. 50%, and that too, a whopping 47.5% in bonus shares.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

MMFDB

Mirmire Laghubitta Bittiya Sanstha Limited

20

0

20

Not declared

2

DDBL

Deprosc Laghubitta Bittiya Sanstha Limited

20

1.053

21.053

2021-09-28 [Closed]

3

FMDBL

First Microfinance Laghubitta Bittiya Sanstha Limited

10

0.53

10.53

11/21/2021

4

SLBBL

Swarojgar Laghubitta Bittiya Sanstha Limited

25

0

25

2021-10-29 [Closed]

5

SDLBSL

Sadhana Laghubitta Bittiya Sanstha Limited

25

1.32

26.32

2021-10-20 [Closed]

6

GLBSL

Gurans Laghubitta Bittiya Sanstha Limited

16.9064

0.8894

17.796

2021-10-25 [Closed]

7

CLBSL

Civil Laghubitta Bittiya Sanstha Limited

19

1

20

2021-10-31 [Closed]

8

RSDC

RSDC Laghubitta Bittiya Sanstha Limited

10

0.5263

10.5263

11/16/2021

9

LLBS

Laxmi Laghubitta Bittiya Sanstha Limited

20

7.3684

27.3684

11/16/2021

10

SMFBS

Swabhimaan Laghubitta Bittiya Sanstha Limited

32.3

1.7

34

Not declared

11

ALBSL

Asha Laghubitta Bittiya Sanstha Limited

25

1.3158

26.3158

2021-10-29 [Closed]

12

NICLBSL

NIC Asia Laghubitta Bittiya Sanstha Limited

0

5.41

5.41

2021-11-09 [Closed]

13

MERO

Mero Microfinance Laghubitta Bittiya Sanstha Limited

20

1.0526

21.0526

Not declared

14

SABSL

Sabaiko Laghubitta Bittiya Sanstha Limited

31.05

1.63

32.68

Not declared

15

GILB

Global IME Laghubitta Bittiya Sanstha Limited

28

 

28

Not declared

16

SWBBL

Swabalamban Laghubitta Bittiya Sanstha Limited

19

6

25

Not declared

17

MLBSL

Mahila Laghubitta Bittiya Sanstha Limited

47.5

2.5

50

Not declared

18

NLBBL

Nerude Laghubitta Bittiya Sanstha Limited

21.4876

1.1309

22.6185

Not declared

19

SMB

Support Laghubitta Bittiya Sanstha Limited

30

1.5789

31.5789

Not declared

20

GMFBS

Ganapati Laghubitta Bittiya Sanstha Limited

19

1

20

Not declared

21

NADEP

NADEP Laghubitta Bittiya Sanstha Limited

20

1.053

21.053

Not declared

22

USLB

Unnati Sahakarya Laghubitta Bittiya Sanstha Limited

32

0

32

Not declared

23

NMBMF

NMB Laghubitta Bittiya Sanstha Limited

21.5

1.13

22.63

Not declared

24

MSLB

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited

26

0

26

Not declared

25

SMATA

Samata Gharelu Laghubitta Bittiya Sanstha Limited

20

5

25

Not declared

26

MKLB

Manakamana Smart Laghubitta Bittiya Sanstha Limited

17

0

17

Not declared

27

SLBS

Suryodaya Laghubitta Bittiya Sanstha Limited

20

0

20

Not declared

28

WOMI

Womi Laghubitta Bittiya Sanstha Limited

20

0

20

Not declared

Hydropower

Meanwhile, 9 hydropower companies have declared the dividend. 43 hydropower companies are listed. As of now, Ngadi Group Power Limited has paid the highest, i.e. 21.05%. The book closure date of all 9 hydropower companies has elapsed.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

Bonus Listing Date

1

SPDL

Synergy Power Development Limited

10

0.5263

10.5263

2021-08-20 [Closed]

11/3/2021

2

NGPL

Ngadi Group Power Limited

20

1.05

21.05

2021-09-03 [Closed]

Not Listed Yet

3

API

Api Power Company Limited

10.5

0.55

11.05

2021-09-03 [Closed]

Not Listed Yet

4

AKPL

Arun Kabeli Power Limited

17

0.89

17.89

2021-08-31 [Closed]

Not Listed Yet

5

RURU

Ru Ru Jalbidhyut Pariyojana Limited

10

0.5263

10.5263

2021-09-23 [Closed]

Not Listed Yet

6

SHPC

Sanima Mai Hydropower Limited

10

0.5263

10.5263

2021-10-04 [Closed]

Not Listed Yet

7

AHPC

Arun Valley Hydropower Development Company Limited

10

0.526

10.526

2021-09-27 [Closed]

Not Listed Yet

8

RHPC

Ridi Hydropower Development Company Limited

0

12.6

12.6

2021-10-19 [Closed]

Not Listed Yet

9

RRHP

Rairang Hydropower Development Company Limited.

0

12.6

12.6

2021-10-21 [Closed]

Not Listed Yet

Mutual Funds

21 mutual funds have also unveiled the dividend. Global IME Samunnat Scheme 1 (GIMES1) proposed the highest (100% cash dividend) for the fiscal year. It is also the only mutual fund scheme that hasn't declared a book closure date yet, among others that declared their respective dividend. The book closure date of all other funds among the 21 funds has elapsed. Meanwhile, 3 mutual funds have yet to unveil their dividend.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

NIBSF1

NIBL Samriddhi Fund 1

0

35

35

2021-08-13 [Closed]

2

GIMES1

Global IME Samunnat Scheme 1

0

100

100

Not declared

3

NMBHF1

NMB Hybrid Fund L- 1

0

20

20

2021-09-03 [Closed]

4

NEF

Nabil Equity Fund

0

40

40

2021-09-27 [Closed]

5

NIBLPF

NIBL Pragati Fund

0

50

50

2021-08-13 [Closed]

6

LEMF

Laxmi Equity Fund

0

35

35

2021-07-30 [Closed]

7

SEF

Siddhartha Equity Fund

0

30

30

2021-08-16 [Closed]

8

CMF1

Citizens Mutual Fund-1

0

40

40

2021-09-09 [Closed]

9

SAEF

Sanima Equity Fund

0

33

33

2021-09-17 [Closed]

10

NICGF

NIC Asia Growth Fund

0

30

30

2021-09-12 [Closed]

11

NIBLSF

NIBL Sahabhagita Fund

0

50

50

2021-07-29 [Closed]

12

NICBF

NIC ASIA Balanced Fund

0

30

30

2021-09-12 [Closed]

13

SIGS2

Siddhartha Investment Growth Scheme-2

0

30

30

2021-08-16 [Closed]

14

CMF2

Citizens Mutual Fund - 2

0

40

40

2021-09-09 [Closed]

15

NBF2

Nabil Balanced Fund - 2

0

35

35

2021-09-27 [Closed]

16

NMB50

NMB 50

0

30

30

2021-09-03 [Closed]

17

LUK

Laxmi Unnati Kosh

0

25

25

2021-07-28 [Closed]

18

SFMF

Sunrise First Mutual Fund

0

50

50

2021-09-01 [Closed]

19

SLCF

Sanima Large Cap Fund

0

4

4

2021-09-17 [Closed]

20

NADDF

NIC Asia Dynamic Debt Fund

0

10

10

2021-08-12 [Closed]

21

KEF

Kumari Equity Fund

0

5

5

2021-08-09 [Closed]

Other Sectors

For the fiscal year 2077/78, only ICFC Finance Limited has proposed a 14% dividend from the Finance sector. The company has proposed 10% bonus shares and 4% cash dividends. It hasn't declared a book closure date yet.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

ICFC

ICFC Finance Limited

10

4

14

Not declared

In the same way, two companies from the Investment sector and three from the Manufacturing sector have unveiled their dividend. There are 5 companies in the Investment sector and 7 in the Manufacturing sector.

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

HIDCL

Hydroelectricity Investment and Development Company Limited

8

0.421

8.421

Not declared

2

NIFRA

Nepal Infrastructure Bank Limited

8

0.5

8.5

Not declared

             

S.N.

Symbol

Company

Bonus Dividend(%)

Cash Dividend(%)

Total Dividend(%)

Book Closure Date

1

NLO

Nepal Lube Oil Limited

30

5

35

2021-09-21 [Closed]

2

UNL

Unilever Nepal Limited

0

650

650

2021-10-11 [Closed]

3

SHIVM

Shivam Cements Limited

0

29

29

2021-10-25 [Closed]

In contrast, no companies from the Insurance sector or the Trading sector have unveiled the dividend for the fiscal year 2077/78. 12 Life Insurance companies, 18 Non-Life Insurance companies, and 2 Trading companies are listed in NEPSE.

Disclaimer: This article is intended to keep investors updated about the dividends declared by companies till now. It can be used to compare the trend of dividend proposals among companies and sectors. However, it should be noted that the dividend amount isn't the only valuation metric, and depending on it solely may result in speculation errors. As mentioned in this article, higher dividend-paying stocks may already have a higher market price (hence reducing the profitability of buying).

Additionally, it is not owning more of something that has little value. Investors in NEPSE are overly attracted to bonus shares distribution, almost as if that is all that matters. As the legendary investor Mark Cuban puts it, a small stake in a watermelon is more than 100% of a grape.