BREAKING NEWS

Last Trading Day to Secure Dividends of Three Companies

Today is the last trading day to secure the proposed dividends of Shine Resunga Development Bank, Sarbottam Paints Industries, and Arun Valley Hydropower Development Company.

Nepalytix
5 min read
Last Trading Day to Secure Dividends of Three Companies

Today is the last trading day for investors to secure the proposed dividends of Shine Resunga Development Bank Limited, Sarbottam Paints Industries Limited, and Arun Valley Hydropower Development Company Limited. All three companies have announced their upcoming AGMs and proposed dividend distributions for the fiscal year 2082/83.

Shine Resunga Development Bank has proposed a 16% dividend for FY 2082/83, comprising 6% bonus shares and 10% cash dividend. The bank's 18th AGM is scheduled for Ashwin 28, while the book closure date has been set for Ashwin 13. Shareholders holding shares before the book closure date will be eligible for the proposed dividend.

Sarbottam Paints Industries has proposed a 10% bonus share dividend for FY 2082/83, along with a cash dividend for tax purposes. The company's 5th AGM is scheduled for Ashwin 25, with the book closure date set for Ashwin 13.

Similarly, Arun Valley Hydropower Development Company has proposed a 5.263% dividend for FY 2082/83. The proposal includes 5% bonus shares and 0.263% cash dividend, including tax. The company's 29th AGM is scheduled for Ashwin 27, and the book closure date is Ashwin 13.

The proposed dividends will be distributed to eligible shareholders only after the respective AGMs approve the dividend proposals.

Nepalytix

Financial News Reporter