Reminder: Last Day to Grab Dividend of Api Power Company (API) and Bank of Kathmandu (BOKL)

Today is the last trading day before the book closure of Api Power Company Limited (API).

Even though the book closure is on Mangsir 01, today is NEPSE's last trading day before the Tihar holidays. This book closure is also for the upcoming AGM of the company to be held on Mangsir 08.

Among other proposals, the AGM will endorse a 5% bonus shares as dividend for the fiscal year 2075/76 and another 9% bonus shares as a dividend for the fiscal year 2076/77. 0.26% and 0.47% cash dividend will be provided for the respective fiscal years for tax purposes.

Since the book closure of the 5% dividend was already declared in 2076, Chaitra 01, only the investors maintained before that date will get the 5% bonus shares. Since today is the last trading day, investors can still buy the shares and get the 9% bonus dividend if they haven't yet done so.

It should be noted that the 9% dividend will be distributed on the increased paid-up capital after incorporating the previous 5% bonus shares.

Similarly, today is also the last trading day to grab the shares of Bank of Kathmandu Limited (BOKL) and get a 16% dividend. Bank of Kathmandu has also proposed a 16% dividend for the fiscal year 2076/77. The bank has proposed a 3% cash dividend and a 13% bonus shares from the paid-up capital. Thus, the cash dividend amounts to Rs. 25,64,06,622 and bonus shares amount to Rs. 1,11,12,89,014. The cash dividend also includes the tax amount for the bonus shares.

Since the book closure is tomorrow, i.e. Kartik 28, investors maintained till today are entitled to the dividend payout and can also attend the upcoming AGM on Mangsir 15.