How Many Companies Have Distributed Dividend for FY 2077/78 As of Now? Summary of All Sectors With Exact Dividend Figure

Fri, Nov 12, 2021 4:13 PM on Dividend, Bonus & Rights, Stock Market, Exclusive,

-ShareSansar

Companies listed in NEPSE have already started to declare the dividend for the fiscal year 2077/78.

Commercial Banks

21 out of the 26 commercial banks have already proposed the dividend for the fiscal year 2077/78. Nabil Bank has proposed the highest dividend, i.e. 38%. As of now, Sunrise Bank has paid the least, i.e. 7%.

The book closure date for dividends of five of these companies has already elapsed, meaning investors won't be able to claim the dividend of these companies. Meanwhile, other banks have yet to declare their book closure dates, and investors can buy the shares of these companies anytime before the book closure date to be eligible for the dividend.

Note for Beginners: You can buy the shares of a company after it has proposed its dividend and still be eligible to get the dividend. In other words, you do not have to invest in the company for one whole fiscal year, which is a misconception among amateur investors.

The book closure date is simply the date on which the company closes its books for the dividend. Investors can still buy the shares after that date but they won’t get the dividend. To get the dividend of the company, you must buy the shares before the book closure date and you must not sell those shares till the book closure date. For example, investors can buy the shares of a company on the last day before its book closure date and still be entitled to the dividend. The investor remains eligible even if they sell the shares at the book closure date.

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	NMB	NMB Bank Limited	12.5	3.3	15.8	Not declared
2	SBL	Siddhartha Bank Limited	14.25	0.75	15	Not declared
3	KBL	Kumari Bank Limited	6	2.67	8.67	2021-10-25 [Closed]
4	LBL	Laxmi Bank Limited	8	3.5	11.5	Not declared
5	MBL	Machhapuchchhre Bank Limited	13.3	0.7	14	2021-10-24 [Closed]
6	EBL	Everest Bank Limited	6	4.32	10.32	Not declared
7	NBB	Nepal Bangladesh Bank Limited	12	3.5	15.5	2021-11-01 [Closed]
8	HBL	Himalayan Bank Limited	21.38	4.62	26	Not declared
9	SCB	Standard Chartered Bank Nepal Limited	10	3.06	13.06	Not declared
10	NIB	Nepal Investment Bank Limited	12.611	3.389	16	11/22/2021
11	NABIL	Nabil Bank Limited	33.6	4.4	38	Not declared
12	CZBIL	Citizens Bank International Limited	12.913	3.087	16	2021-10-08 [Closed]
13	PCBL	Prime Commercial Bank Limited	16	0.6313	16.6313	Not declared
14	SRBL	Sunrise Bank Limited	6.65	0.35	7	Not declared
15	SANIMA	Sanima Bank Limited	17	0.8947	17.8947	2021-10-24 [Closed]
16	MEGA	Mega Bank Nepal Limited	12.07	0	12.07	Not declared
17	NBL	Nepal Bank Limited	14	3	17	Not declared
18	GBIME	Global IME Bank Limited	10	3.5	13.5	Not declared
19	NICA	NIC Asia Bank Limited	15	0.7895	15.7895	Not declared
20	PRVU	Prabhu Bank Limited	12	0.63	12.63	Not declared
21	BOKL	Bank of Kathmandu Limited	10	4	14	Not declared

Development Banks

Similarly, 5 of the total 16 development banks listed in NEPSE have declared the dividend for the fiscal year 2077/78. The book closure dates of two of them have already elapsed. As of now, Kamana Sewa Bikas Bank Limited (KSBBL) has paid the highest 19.47% and Shangrila Development Bank Limited (SADBL) has paid the least 10.5263%.

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	SADBL	Shangrila Development Bank Limited	10	0.5263	10.5263	2021-10-22 [Closed]
2	MNBBL	Muktinath Bikas Bank Limited	17.575	0.925	18.5	Not declared
3	SHINE	Shine Resunga Development Bank Limited	10.93	0.57	11.5	Not declared
4	KSBBL	Kamana Sewa Bikas Bank Limited	18.5	0.97	19.47	2021-10-27 [Closed]
5	LBBL	Lumbini Bikas Bank Limited	10	3.712	13.712	Not declared

Microfinance Companies

28 microfinance companies listed in NEPSE have declared the dividend for the fiscal year 2077/78. A total of 50 microfinance companies are listed. Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has paid the highest dividend, i.e. 50%, and that too, a whopping 47.5% in bonus shares.

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	MMFDB	Mirmire Laghubitta Bittiya Sanstha Limited	20	0	20	Not declared
2	DDBL	Deprosc Laghubitta Bittiya Sanstha Limited	20	1.053	21.053	2021-09-28 [Closed]
3	FMDBL	First Microfinance Laghubitta Bittiya Sanstha Limited	10	0.53	10.53	11/21/2021
4	SLBBL	Swarojgar Laghubitta Bittiya Sanstha Limited	25	0	25	2021-10-29 [Closed]
5	SDLBSL	Sadhana Laghubitta Bittiya Sanstha Limited	25	1.32	26.32	2021-10-20 [Closed]
6	GLBSL	Gurans Laghubitta Bittiya Sanstha Limited	16.9064	0.8894	17.796	2021-10-25 [Closed]
7	CLBSL	Civil Laghubitta Bittiya Sanstha Limited	19	1	20	2021-10-31 [Closed]
8	RSDC	RSDC Laghubitta Bittiya Sanstha Limited	10	0.5263	10.5263	11/16/2021
9	LLBS	Laxmi Laghubitta Bittiya Sanstha Limited	20	7.3684	27.3684	11/16/2021
10	SMFBS	Swabhimaan Laghubitta Bittiya Sanstha Limited	32.3	1.7	34	Not declared
11	ALBSL	Asha Laghubitta Bittiya Sanstha Limited	25	1.3158	26.3158	2021-10-29 [Closed]
12	NICLBSL	NIC Asia Laghubitta Bittiya Sanstha Limited	0	5.41	5.41	2021-11-09 [Closed]
13	MERO	Mero Microfinance Laghubitta Bittiya Sanstha Limited	20	1.0526	21.0526	Not declared
14	SABSL	Sabaiko Laghubitta Bittiya Sanstha Limited	31.05	1.63	32.68	Not declared
15	GILB	Global IME Laghubitta Bittiya Sanstha Limited	28		28	Not declared
16	SWBBL	Swabalamban Laghubitta Bittiya Sanstha Limited	19	6	25	Not declared
17	MLBSL	Mahila Laghubitta Bittiya Sanstha Limited	47.5	2.5	50	Not declared
18	NLBBL	Nerude Laghubitta Bittiya Sanstha Limited	21.4876	1.1309	22.6185	Not declared
19	SMB	Support Laghubitta Bittiya Sanstha Limited	30	1.5789	31.5789	Not declared
20	GMFBS	Ganapati Laghubitta Bittiya Sanstha Limited	19	1	20	Not declared
21	NADEP	NADEP Laghubitta Bittiya Sanstha Limited	20	1.053	21.053	Not declared
22	USLB	Unnati Sahakarya Laghubitta Bittiya Sanstha Limited	32	0	32	Not declared
23	NMBMF	NMB Laghubitta Bittiya Sanstha Limited	21.5	1.13	22.63	Not declared
24	MSLB	Mahuli Samudayik Laghubitta Bittiya Sanstha Limited	26	0	26	Not declared
25	SMATA	Samata Gharelu Laghubitta Bittiya Sanstha Limited	20	5	25	Not declared
26	MKLB	Manakamana Smart Laghubitta Bittiya Sanstha Limited	17	0	17	Not declared
27	SLBS	Suryodaya Laghubitta Bittiya Sanstha Limited	20	0	20	Not declared
28	WOMI	Womi Laghubitta Bittiya Sanstha Limited	20	0	20	Not declared

Hydropower

Meanwhile, 9 hydropower companies have declared the dividend. 43 hydropower companies are listed. As of now, Ngadi Group Power Limited has paid the highest, i.e. 21.05%. The book closure date of all 9 hydropower companies has elapsed.

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date	Bonus Listing Date
1	SPDL	Synergy Power Development Limited	10	0.5263	10.5263	2021-08-20 [Closed]	11/3/2021
2	NGPL	Ngadi Group Power Limited	20	1.05	21.05	2021-09-03 [Closed]	Not Listed Yet
3	API	Api Power Company Limited	10.5	0.55	11.05	2021-09-03 [Closed]	Not Listed Yet
4	AKPL	Arun Kabeli Power Limited	17	0.89	17.89	2021-08-31 [Closed]	Not Listed Yet
5	RURU	Ru Ru Jalbidhyut Pariyojana Limited	10	0.5263	10.5263	2021-09-23 [Closed]	Not Listed Yet
6	SHPC	Sanima Mai Hydropower Limited	10	0.5263	10.5263	2021-10-04 [Closed]	Not Listed Yet
7	AHPC	Arun Valley Hydropower Development Company Limited	10	0.526	10.526	2021-09-27 [Closed]	Not Listed Yet
8	RHPC	Ridi Hydropower Development Company Limited	0	12.6	12.6	2021-10-19 [Closed]	Not Listed Yet
9	RRHP	Rairang Hydropower Development Company Limited.	0	12.6	12.6	2021-10-21 [Closed]	Not Listed Yet

Mutual Funds

21 mutual funds have also unveiled the dividend. Global IME Samunnat Scheme 1 (GIMES1) proposed the highest (100% cash dividend) for the fiscal year. It is also the only mutual fund scheme that hasn't declared a book closure date yet, among others that declared their respective dividend. The book closure date of all other funds among the 21 funds has elapsed. Meanwhile, 3 mutual funds have yet to unveil their dividend.

S.N.	Symbol	Company	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	NIBSF1	NIBL Samriddhi Fund 1	35	35	2021-08-13 [Closed]
2	GIMES1	Global IME Samunnat Scheme 1	100	100	Not declared
3	NMBHF1	NMB Hybrid Fund L- 1	20	20	2021-09-03 [Closed]
4	NEF	Nabil Equity Fund	40	40	2021-09-27 [Closed]
5	NIBLPF	NIBL Pragati Fund	50	50	2021-08-13 [Closed]
6	LEMF	Laxmi Equity Fund	35	35	2021-07-30 [Closed]
7	SEF	Siddhartha Equity Fund	30	30	2021-08-16 [Closed]
8	CMF1	Citizens Mutual Fund-1	40	40	2021-09-09 [Closed]
9	SAEF	Sanima Equity Fund	33	33	2021-09-17 [Closed]
10	NICGF	NIC Asia Growth Fund	30	30	2021-09-12 [Closed]
11	NIBLSF	NIBL Sahabhagita Fund	50	50	2021-07-29 [Closed]
12	NICBF	NIC ASIA Balanced Fund	30	30	2021-09-12 [Closed]
13	SIGS2	Siddhartha Investment Growth Scheme-2	30	30	2021-08-16 [Closed]
14	CMF2	Citizens Mutual Fund - 2	40	40	2021-09-09 [Closed]
15	NBF2	Nabil Balanced Fund - 2	35	35	2021-09-27 [Closed]
16	NMB50	NMB 50	30	30	2021-09-03 [Closed]
17	LUK	Laxmi Unnati Kosh	25	25	2021-07-28 [Closed]
18	SFMF	Sunrise First Mutual Fund	50	50	2021-09-01 [Closed]
19	SLCF	Sanima Large Cap Fund	4	4	2021-09-17 [Closed]
20	NADDF	NIC Asia Dynamic Debt Fund	10	10	2021-08-12 [Closed]
21	KEF	Kumari Equity Fund	5	5	2021-08-09 [Closed]

Other Sectors

For the fiscal year 2077/78, only ICFC Finance Limited has proposed a 14% dividend from the Finance sector. The company has proposed 10% bonus shares and 4% cash dividends. It hasn't declared a book closure date yet.

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	ICFC	ICFC Finance Limited	10	4	14	Not declared

In the same way, two companies from the Investment sector and three from the Manufacturing sector have unveiled their dividend. There are 5 companies in the Investment sector and 7 in the Manufacturing sector.

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	HIDCL	Hydroelectricity Investment and Development Company Limited	8	0.421	8.421	Not declared
2	NIFRA	Nepal Infrastructure Bank Limited	8	0.5	8.5	Not declared

S.N.	Symbol	Company	Bonus Dividend(%)	Cash Dividend(%)	Total Dividend(%)	Book Closure Date
1	NLO	Nepal Lube Oil Limited	30	5	35	2021-09-21 [Closed]
2	UNL	Unilever Nepal Limited	0	650	650	2021-10-11 [Closed]
3	SHIVM	Shivam Cements Limited	0	29	29	2021-10-25 [Closed]

In contrast, no companies from the Insurance sector or the Trading sector have unveiled the dividend for the fiscal year 2077/78. 12 Life Insurance companies, 18 Non-Life Insurance companies, and 2 Trading companies are listed in NEPSE.

Disclaimer: This article is intended to keep investors updated about the dividends declared by companies till now. It can be used to compare the trend of dividend proposals among companies and sectors. However, it should be noted that the dividend amount isn't the only valuation metric, and depending on it solely may result in speculation errors. As mentioned in this article, higher dividend-paying stocks may already have a higher market price (hence reducing the profitability of buying).

Additionally, it is not owning more of something that has little value. Investors in NEPSE are overly attracted to bonus shares distribution, almost as if that is all that matters. As the legendary investor Mark Cuban puts it, a small stake in a watermelon is more than 100% of a grape.