Don't Forget: Your Last Chance to Grab Dividends of NHDL and MLBL

Today is the last day to grab the dividend of Nepal Hydro Developer Limited (NHDL).

The company has called its 12th, 13th, and 14th AGM on 17th Chaitra, 2077. The AGM will be held in the company's registered office in Dillibazar, Kathmandu, starting at 3 pm.

Among other agendas, the AGM will endorse the 15.07895% dividend for the fiscal year 2076/77. The 60th meeting of the board of directors held on Falgun 20 has decided to distribute 15% bonus shares and 0.7895% cash dividend for the fiscal year. Since the paid-up capital of the company is Rs. 26,00,00,000, the bonus shares are worth Rs. 3,90,00,000 and the cash dividend is worth Rs. 20,52,632.

Note that the company had proposed 4% bonus shares for the fiscal year 2074/75. This was decided way back on Poush 09, 2075. However, the company could not conduct an AGM for that year and the book closure was never declared for that dividend. Thus, the amount to be distributed as the 4% bonus shares is now included in the 15% bonus shares proposal made for the fiscal year 2076/77.

The book closure date is declared tomorrow, i.e. Chaitra 03. Thus, investors maintained till today are entitled to the dividend payout and can also attend the AGM.

Furthermore, today is also the last day to grab the dividend of Mahalaxmi Bikas Bank Limited (MLBL).

The company has called its 19th AGM on Chaitra 13, 2077. Among other proposals, the AGM will endorse the company's proposed dividend for the fiscal year 2076/77: 8.80% bonus shares and 0.46% cash dividend (for taxation purposes).

The book closure date is declared tomorrow, i.e. Chaitra 03. Thus, investors maintained till today are entitled to the dividend payout and can also attend the AGM.