Listed Companies and Mutual Funds in Nepal Accelerate Dividend Announcements
Author
NEPSE trading
Listed companies and mutual funds in Nepal have recently accelerated their process of announcing dividends. With the publication of financial statements, investors' expectations for dividends have risen. Notably, many mutual funds have declared dividends, which has provided optimistic signals in the market.
Key Highlights:
Dividend Announcements and Financial Statements:
Most listed companies have published their financial statements for the fiscal year 2079/80.
Following the publication, the dividend announcement process has begun, with companies like Everest Bank, API Power, and Prabhu Mahalaxmi Life Insurance leading the way.
Major Companies Announcing Dividends:
Everest Bank: Announced a 15.53% dividend (from last year's profits).
API Power: Announced a 9.47% dividend.
Mandhu Hydropower: Proposed a 12% dividend with a book closure date set for Bhadra 31.
Prabhu Mahalaxmi Life Insurance: Proposed a 10.56% dividend (from the previous year's profits).
Mutual Funds Announcing Dividends:
A total of 20 mutual funds have proposed dividends for their unit holders.
Out of these, 8 funds have completed their book closure and started distributing dividends.
The book closure dates for 12 funds have already been made public.
Status of Funds that Have Declared Dividends:
So far, 4 companies and 20 mutual funds have announced dividends.
3 companies have declared dividends from last year's profits, while 1 company has declared dividends from the previous year's profits.
Book Closure Dates and Fund Status:
Funds with Completed Book Closure: 8 funds have already started distributing dividends.
Funds with Pending Book Closure: Of the remaining 12, the book closure dates for 11 funds have been announced.
Overall Situation:
The accelerated dividend announcement process by companies and mutual funds has boosted investor confidence, leading to positive market sentiment.
