Nepal Lube Oil Distributing 5% Cash Dividend Directly to Respective Bank Accounts of Shareholders
Mon, Dec 12, 2022 11:46 AM on Latest, Dividend, Bonus & Rights,
Nepal Lube Oil Limited (NLO) has distributed a 5% cash dividend directly to the bank accounts of its shareholders.
The company convened its 31st AGM for the FY 2078/79 on 28th Ashwin, 2079. The AGM endorsed a 30% dividend for the fiscal year 2078/79. The board of directors meeting on Ashwin 04 decided to distribute the dividend on the paid-up capital of Rs. 38,859,900. 25% bonus shares worth Rs. 97.14 lakhs and 5% cash dividend worth Rs. 19.42 lakhs were proposed. The same cash dividend is now being deposited.
Therefore, shareholders who haven't yet dematerialized their shares or haven't updated their bank information in the Demat account are requested to do so in order to receive the dividend.
Also, if eligible investors had taken a loan against the shares of the company before the book closure date (Ashwin 14), they should present a No Objection Letter from their lending institution in order to receive the dividend.
