Three Banks with 26 financial companies declared Dividend

Oct Sun 2020 09:04:07

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Three Banks with 26 financial companies declared Dividend

26 organizations have already declared dividends. The number of banks offering dividends has reached three so far. There are Machhapuchche, Bank of Kathmandu and Sanima Bank.

There are five microfinance and the rest are mutual funds. Similar manufacturing companies have also started declaring dividends. Shivam Cement has proposed to pay 24.21 percent cash dividend.

Machapuchche Bank, which was the first to declare dividend, has proposed to pay 10.4 percent dividend. Of which, cash is 3.37 percent and bonus share is 7.03 percent. Bank of Kathmandu, which is second, has proposed to pay 16 percent dividend including 3 percent cash and 13 percent bonus. Similarly, Sanima Bank has proposed to pay 13.6 percent dividend including 3.6 percent cash and 10 bonus.

Microfinance pays more dividends than banks. RSDC MFIs, Asha, RMDC, First Microfinance and Samata Microfinance have declared dividends. The highest equality is to pay 26.32 percent dividend. Samata will pay a dividend of 26.32 percent, including a 20 percent bonus and 6.32 percent cash.

It is expected to pay 15 per cent bonus and 0.79 per cent cash, RMDC 15 per cent bonus and 5 per cent cash, First Microfinance 20 per cent bonus and 6.32 per cent cash, RSDC MFI 12.63 per cent including cash 3.63 and bonus 9. Has done

This proposal will be received by the investors after the approval of Nepal Rastra Bank and the approval of the next general meeting of the institution.

Among the mutual funds that have declared similar dividends, Citizens Mutual Fund 1 has paid the highest dividend. The fund will provide 15 percent cash. Among the mutual funds giving more than 10 percent cash dividend are Citizens Mutual Fund 1, Citizens Mutual Fund 2, NIC Asia Growth Fund and NIBL ​​Prosperity Fund 1. Fund 1 will pay 15 percent and 2 will pay 10 percent, NIC Asia Growth will pay 12 percent and NIBL ​​will pay 12 percent. The lowest is only 4 percent of Global IME Samuntat Scheme 1.

Unilever Nepal will pay 100 percent cash dividend to the company that has declared dividend. Unilever Nepal has so far been the largest contributor to cash dividends.