Nepal Bank Limited Urges Shareholders to Claim Uncollected Dividend

Tue, Apr 16, 2024 10:55 AM on Latest, Dividend, Bonus & Rights,

Nepal Bank Limited (NBL) has published a notice to collect uncollected due bonus shares, cash dividends, and share certificates to its shareholders and has urged them to dematerialize their share certificates and bank accounts.

According to the notice, some investors haven't collected the dividend from the fiscal year 2075/76 to 2078/79. The dividend payment is due in the fiscal year 2075/76 to 2078/79 when the bank distributes a cash dividend.

The bank has urged investors who haven't claimed their share of dividends to be present with an identity or share certificate and proof of identity at Himalayan Capital Limited, Thamel, within one month to claim the dividend.

Additionally, suppose eligible investors had taken a loan against the company's shares before the book closure date. In that case, they should present a No Objection Letter from their lending institution to receive the dividend.

As of writing, NBL has an LTP of Rs. 208.50.