Dividend of These 5 Companies Finally Distributed to Shareholders

Fri, Feb 25, 2022 5:19 PM on Latest, Dividend, Bonus & Rights,

Prabhu Bank Limited has distributed a 12% bonus share directly to the Demat accounts of its shareholders.

The 20th AGM of the company held on Poush 18 endorsed a 12.63% dividend for the fiscal year 2077/78. The 228th meeting of the board of directors held on Kartik 23 decided to distribute the dividend on the paid-up capital of Rs. 11.34 Arba. 12% bonus shares worth Rs 1.36 Arba and 0.63% cash dividend (for tax purposes) have been proposed.

The same bonus shares are now deposited to Demat accounts. Poush 04 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout. As of writing, PRVU has an LTP of Rs. 302.

Similarly, Shine Resunga Development Limited has distributed a 10.93% bonus dividend directly to Demat accounts of its shareholders.

The 13th AGM of the company held on 29th Mangsir, 2078 endorsed an 11.5% dividend for the fiscal year 2077/78: 10.93% bonus shares and 0.57% cash dividend (for tax purposes). The paid-up capital of the company during dividend distribution was Rs. 3.40 Arba. Thus, the bonus shares are worth Rs. 37.25 and cash dividend is worth Rs 1.96 crore.

Note that the bonus shares are already listed in NEPSE. As of writing, SHINE has an LTP of Rs. 396.

Nepal Re-Insurance Company Limited has also distributed a 2.5% cash dividend directly to the bank accounts of its shareholders.

The 6th AGM of the company held on 22nd Poush, 2078 endorsed a 19% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Ashad 07 decided to distribute 16.5% bonus shares and 2.5% cash dividend for the fiscal year 2076/77.

The same cash dividend is now distributed. As of writing, NRIC has an LTP of Rs. 1,125.

Miteri Development Limited has also distributed 13.30% bonus shares directly to Demat accounts of its shareholders.

The 16th AGM of the company held on 28th Poush, 2078 endorsed a 14% dividend for the fiscal year 2077/78. The 212th meeting of the board of directors held on Mangsir 22 decided to distribute the dividend on the paid-up capital of Rs. 79,73,76,937.50. From the paid-up capital, 13.3% bonus shares worth slightly over Rs 10.6 crores and 0.7% cash dividend (for tax) worth Rs 55.81 lakhs have been proposed.

Note that the bonus shares are already listed in NEPSE. As of writing, SHINE has an LTP of Rs. 396. Poush 14 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout. As of writing, MDB has an LTP of Rs. 486.

In the same way, Goodwill Finance Company Limited has distributed 9.1% bonus shares directly to its shareholders' Demat accounts.

The 27th AGM of the company held on 29th Poush, 2078 endorsed a 13% dividend for the fiscal year 2077/78. The 378th meeting of the board of directors held on Mangsir 26 decided to distribute the dividend on the paid-up capital of Rs. 86.72 crores. 9.1% bonus shares worth Rs 7.89 crores and 3.9% cash dividend (including tax) worth Rs 3.38 crore were proposed.

For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the dividend of the respective companies will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of the companies are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.