Two companies, NMB Bank and Kutheli Bukhari Small Hydropower, have decided to distribute dividends to their shareholders based on the profit of fiscal year 2082/83.
Dividend Announcement by NMB Bank
The board of directors of NMB Bank met on Asoj 21 to finalize their dividend plan. For the regular shareholders, the bank proposed a 7 percent cash dividend from its paid-up capital. This amounts to a total of 1 arba 34 crore 99 lakh 52 thousand 888 Rupees. They did not propose any bonus shares this time.
Additionally, the bank decided to distribute an 8.25 percent cash dividend for the NMB Irredeemable Non-Cumulative Preference Shares. This payment represents 12 crore 20 lakh 54 thousand 794 Rupees and 52 paisa, which also covers tax requirements for the shareholders. The bank mentioned to distributing these amounts after getting approval from Nepal Rastra Bank and passing it through the upcoming annual general meeting.
Kutheli Bukhari Small Hydropower Dividend Plan
On the same day, Kutheli Bukhari Small Hydropower also announced their plan for dividend distribution. They proposed 18 percent bonus shares and a 0.9474 percent cash dividend for tax purposes. The bonus shares are worth 2 crore 65 lakh 42 thousand 742 Rupees, while the cash dividend for tax is 13 lakh 96 thousand 986 Rupees and 42 paisa.
The company currently has a paid-up capital of 14 crore 74 lakh 59 thousand 675 Rupees. These bonus shares will be given to shareholders after they get the approval from the Electricity Regulatory Commission and the company 15th annual general meeting. The company board took the decision to providing these benefits during their meeting held on Asoj 21.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
