Out of the total 27 commercial banks of the country, 26 listed in NEPSE have declared dividends including cash and bonus shares from the distributable profit of the fiscal year 2077/78. Some of the declared dividends have been decided by the banks after holding a general assembly and some of them are preparing for the general assembly to make the announcement.
According to figures made public so far, Nabil Bank is set to distribute the highest dividend comprising 33.6% bonus shares and 4.4% cash dividend. Similarly, Civil Bank will be giving away a dividend of 5.26% on the basis of last year’s distributable profit. The bank has stated that out of the declared dividend, 5% will be bonus shares and 0.26% will be cash.
The Himalayan Bank will provide 21.38% bonus share and 4.62% cash dividend to its investors. Agriculture Development Bank has decided to distribute 21.0526% dividend with 20% bonus and 1.56% cash. Sanima Bank has announced 17% bonus and 0.8947% cash, Nepal Bank is giving 14% bonus and 3% cash, Prime Commercial Bank will give 16% bonus and 0.6313% cash.
Likewise, the Nepal Investment Bank has stated that it will distribute 16% dividend with 12.611% bonus and 3.389% cash while Citizens Bank will distribute 16% dividend with 12.913% bonus and 3.87% cash.
The NMB Bank has offered its shareholders 12.5% bonus shares and 3.3% cash dividend, NIC Asia Bank will give 15% bonus and 0.7895% cash, Nepal Bangladesh Bank is proving 12% bonus shares and 3% cash. Siddhartha Bank will give 14.25% bonus shares and 0.75% cash, Machhapuchchhre Bank 14% with 13.3% bonus and 0.7% cash, Bank of Kathmandu 14% with 10|% bonus and 4% cash. Global IME Bank has announced a 13.5% dividend with 10% bonus and 3.5% cash while Standard Chartered Bank has announced 13.6% dividend with 10% bonus and 3.6% cash.
Prabhu Bank, Mega Bank, Laxmi Bank, Everest Bank, Kumari Bank, Nepal Credit and Commerce Bank (NCC), Sunrise Bank and Century Bank, Nepal SBI Bank have also announced dividend shares and cash bonuses.
Out of the declared dividend, the cash is deposited directly in the bank account while bonus shares will be entered into the demat account provided by the investor.