How Many Listed Companies Have Declared Dividend So Far of Last Fiscal Year

Companies listed in NEPSE have declared the dividend (both cash and bonus) for the fiscal year 2079/80. Proposed Dividend is the dividends that are distributed among the shareholders of the company during a financial year and will be paid in the Next Year. Hence, the dividends of last FY-79/80 are distributed in this FY 80/81.

Investors do not just earn from the rise in the share price of their portfolio stocks. They also earn from the dividends and bonuses announced by the company from time to time. Hence, it becomes important for secondary market enthusiasts to know the names of stocks that are going to pay dividends in the near future. 

The book closure date marks when a company finalizes its books for dividend distribution. While investors can purchase shares after this date, they won't receive dividends. To qualify for the company's dividend, one needs to buy shares before the book closure date and hold onto them until that date. For instance, buying shares on the day preceding the book closure still grants eligibility for the dividend, even if the shares are sold on the closure date. 

Commercial Banks

10 commercial banks have already proposed the dividend for the fiscal year 2079/80. Among them, NIC Asia Bank has proposed the highest dividend, i.e. 30.52%. Similarly, Citizens International Bank and Siddhartha Bank have paid the lowest dividends, i.e. 5.79% and 4.21% respectively.

Development Bank

Similarly, 3 of the total 17 development banks listed in NEPSE have declared the dividend for the fiscal year 2079/80. Except for the Miteri Development Bank, all other development banks' book closure dates have already elapsed. As of now, Shine Resunga Development Bank Limited and Miteri Development Bank have paid the highest dividend viz. 11.05% and 10% respectively. Accordingly, Shangrila Development Bank Limited has paid the lowest dividend of 5.263%.

Finance

None of the finance companies have proposed any dividend for the fiscal year 2079/80.

Micro-Finance

6 microfinance companies listed in NEPSE have declared the dividend for the fiscal year 2079/80 so far. Unique Laghubitta Bittiya Sanstha Limited paid the highest dividend of 20% followed by Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) and NIC Asia Laghubitta Bittiya Sanstha paying 15% of the dividend (Both bonuses as well as cash).
However, 4 out of the 6 microfinance companies are yet to declare their book closure; UNLB, DLBS, SMB, and SWBBL.

Hydropower

2 hydropower companies have declared the dividend for the fiscal year 2079/80. As of now, Sanima Mai Hydro Company Limited has paid the highest, i.e. 10%. The book closure date of all of hydropower companies has elapsed. 

Mutual Funds

19 mutual fund schemes have also unveiled the dividend. Sanima Equity Fund proposed the highest (18% cash dividend) for the fiscal year 2079/80. However, the book closure date of all of these funds has elapsed.

Investments

Meanwhile, out of 7 listed only 2 investment companies have declared their dividend of FY-79/80.

Life Insurance

None of the Life Insurance have proposed dividend for the Fiscal Year 2079/80.

Non-Life Insurance

Out of the 12 listed non-life insurance in Nepal, Only Nepal Insurance Company Limited have declared 10.5263% dividends for the FY 2079/80. 

Manufacturing and products

Out of the nine companies in the manufacturing & products sector, Unilever Nepal Limited declared the highest dividend of 1580%, which is wholly cash-based.

Hotel and Tourism

Out of the six companies in the hotel and tourism sector, Soaltee Hotel Limited declared the highest dividend of 31.5789%.