NBF-1 now proposes impressive 14% cash dividend, book closure on Sep 4

ShareSansar, August 26:

Here’s yet another good news for the market!

Nabil Balanced Fund-1 has revised its dividend for its subscribers for the last fiscal year to 14 percent, up from 5.5 percent.

The Securities Board of Nepal (SEBON), back in May, had suspended the decision of the mutual fund run by Nabil Bank to distribute 5.5 percent cash dividend to the subscribers of NBF-1.

Sebon’s  decision was based in the argrument that the company’s audit report for the first eight months of the last fiscal year was not appropriate, and that the company can distribute dividend only on the basis of annual audit report.

Meanwhile, Nabil has announced book closure for the dividend from September 4.