Reminder: Your Last Chance to Grab the Dividend of Two Companies

Today is the last day to grab the dividend of these two companies. Since both the companies have declared book closure tomorrow, i.e. Poush 21, investors maintained till today are entitled to the dividend that is already proposed.

1) Nepal Credit & Commerce Bank Limited (NCCB)

Nepal Credit & Commerce Bank Limited (NCCB) has called its 23rd AGM on Magh 09, i.e. January 22. The meeting will be organized in the company's central office in Bagbazar, Kathmandu, starting from 10 am that day. The meeting will be streamed virtually for investors.

Among other agendas, the AGM will endorse the dividend for the fiscal year 2076/77. NCCB has proposed a 10.81% dividend for the fiscal year 2076/77. The bank has proposed a 0.5405% cash dividend and a 10.2695% bonus shares from the paid-up capital. The paid-up capital of the company is Rs. 9,35,39,16,945. Thus, the cash dividend amounts to Rs. 5,05,57,881 and bonus shares are worth Rs. 96,05,99,735. The cash dividend includes the tax amount for the bonus shares.

The AGM will also approve the amendment of capital (capital adjustment) after the distribution of the bonus share. Furthermore, 3 board members representing the promoters and 3 representing the public investors will be elected. One member of the three elected board members from public investors will be a female.

The book closure date is announced on Poush 21. Thus, investors maintained till today are entitled to the dividend payout and can also attend the AGM.

2) Guheswori Merchant Banking & Finance Limited (GMFIL)

Guheswori Merchant Banking & Finance Limited (GMFIL) has called its 19th AGM on Poush 28, i.e. January 12. The meeting will be organized in Guheswori, Lalitpur starting from 11 am that day.

Among other agendas, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed an 11.4% dividend for the fiscal year 2076/77. The 221st meeting of the board of directors held on Mangsir 24 has proposed an 8% bonus shares and 3.4% cash dividend from the paid-up capital for the fiscal year 2076/77. The paid-up capital of the company is Rs. 80 crores.

The book closure date is announced on Poush 21. Thus, investors maintained till today are entitled to the dividend payout and can also attend the AGM. Books will be closed from Poush 21 to Poush 28.