Nabil Investment Banking Announces Dividend – A Stock Market Update
Nabil Investment Banking, a leading name in the Nepalese investment banking sector, has just announced an exciting dividend for its shareholders! This is significant news for anyone following the Nepal Stock Exchange (NEPSE) and seeking investment opportunities in Nepalese stocks.
The company’s board of directors met on August 27th (Bhadra 12th, according to the provided information) and proposed a generous dividend of 26.31%. This is excellent news for investors looking for dividend stocks and a good return on investment (ROI).
Here’s a breakdown of the dividend package:
- Bonus Shares: Nabil Investment Banking plans to issue bonus shares at a rate of 25% of the current paid-up capital, equating to 80.1 million Nepalese Rupees. This is a fantastic way to increase your shareholding in the company.
- Cash Dividend: Additionally, the company is offering a cash dividend of 1.31% of the current paid-up capital, totaling 4.26 million Nepalese Rupees. This includes tax purposes. Cash dividends are always a welcome bonus for shareholders.
Investors are surely excited about this dividend announcement, and its impact on the stock market should be worth watching.
Annual General Meeting (AGM) Details
To formally approve this dividend proposal, Nabil Investment Banking will hold its 16th Annual General Meeting (AGM) on October 10th (Asar 24th according to the details) in Kathmandu, starting at 11 AM.
Key agenda items for the AGM include:
- Approval of the proposed dividend.
- Approval of the Annual Report and financial statements for the fiscal year 2081/82.
- Approval for amendment of company documents like the memorandum of association and articles of association.
- Appointment of auditors for the fiscal year 2082/83 and determination of their remuneration.
- Approval of changes in the board of directors, including the reappointment of independent directors.
- Capital increase of the issued and paid up capital.
This is a crucial meeting for all shareholders of Nabil Investment Banking, where they can exercise their shareholder rights and influence the company’s future. Keep a close eye on NEPSE and the stock market news as this progresses. Investing in Nepal can be a lucrative opportunity, and understanding dividend stocks and financial news like this is vital for success. Stay informed and consider this investment!
