Shareholders Get Cash Dividend Without Clear Details, SEBON Urges Companies to Avoid Confusion

Tue, Oct 26, 2021 11:29 AM on Latest, Stock Market, National,

Securities Board of Nepal (SEBON) has requested all listed companies to ensure clarity while depositing cash dividend to their shareholders.

The regulatory board had been receiving complaints/ feedback from shareholders that they can only see the name of the share registrar when a company deposits its cash dividend on shareholders' accounts. This creates confusion as to which company had distributed the dividend, for which fiscal year, and by what rate (dividend percentage).

As such, SEBON has requested all listed companies to follow the template issued by Nepal Clearing House Limited while depositing the cash dividend. This includes the name of the company distributing the dividend, fiscal year, and the dividend percentage.