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

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

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 Bonus Dividend(%) Cash Dividend(%) Total Dividend(%) Book Closure Date
1 NIBSF1 NIBL Samriddhi Fund 1 0 35 35 2021-08-13 [Closed]
2 GIMES1 Global IME Samunnat Scheme 1 0 100 100 Not declared
3 NMBHF1 NMB Hybrid Fund L- 1 0 20 20 2021-09-03 [Closed]
4 NEF Nabil Equity Fund 0 40 40 2021-09-27 [Closed]
5 NIBLPF NIBL Pragati Fund 0 50 50 2021-08-13 [Closed]
6 LEMF Laxmi Equity Fund 0 35 35 2021-07-30 [Closed]
7 SEF Siddhartha Equity Fund 0 30 30 2021-08-16 [Closed]
8 CMF1 Citizens Mutual Fund-1 0 40 40 2021-09-09 [Closed]
9 SAEF Sanima Equity Fund 0 33 33 2021-09-17 [Closed]
10 NICGF NIC Asia Growth Fund 0 30 30 2021-09-12 [Closed]
11 NIBLSF NIBL Sahabhagita Fund 0 50 50 2021-07-29 [Closed]
12 NICBF NIC ASIA Balanced Fund 0 30 30 2021-09-12 [Closed]
13 SIGS2 Siddhartha Investment Growth Scheme-2 0 30 30 2021-08-16 [Closed]
14 CMF2 Citizens Mutual Fund – 2 0 40 40 2021-09-09 [Closed]
15 NBF2 Nabil Balanced Fund – 2 0 35 35 2021-09-27 [Closed]
16 NMB50 NMB 50 0 30 30 2021-09-03 [Closed]
17 LUK Laxmi Unnati Kosh 0 25 25 2021-07-28 [Closed]
18 SFMF Sunrise First Mutual Fund 0 50 50 2021-09-01 [Closed]
19 SLCF Sanima Large Cap Fund 0 4 4 2021-09-17 [Closed]
20 NADDF NIC Asia Dynamic Debt Fund 0 10 10 2021-08-12 [Closed]
21 KEF Kumari Equity Fund 0 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.

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