Wednesday, August 26, 2015

Development Banks' Dividend Payout History

Many people invest in dividend-paying stocks as dividend-paying stocks represent companies that are considered financially stable and mature, the stock prices of these companies may steadily increase over time while shareholders enjoy periodic dividend payments.

Out of all development Banks, Biratlaxmi Development Bank Limited (BLDBL) had issued highest dividend from the profit of fiscal year 2070/71.

Biratlaxmi Bikas Bank Limited (BLDBL) had provided 47.37 percent dividend from the profit of fiscal year 2070/71. It had also provided 27 percent dividend from the profit of fiscal year 2069/70.

BLDBL has posted a net profit of Rs 9.31 crore in the fourth quarter of fiscal year 2071/72. The profit rose by 39.92% compared to Rs 6.65 crore reported in the fourth quarter of fiscal year 2070/71.

Muktinath Bikas Bank Limited (MNBBL) has distributed 40 percent  dividend from the profit of fiscal year 2070/71. From the profit of fiscal year  2069/70 and 2068/69, the bank had distributed  27.5 and 50 percent dividend respectively.

From the profit of 2069/70 Excel Development Bank Limited (EDBL) had provided 52.42 percent dividend, it was highest dividend provided that year out of all development banks. From the profit of fiscal year 2070/71, the development bank had issued 36.84 percent dividend.

Check out Development Bank  stocks  offering high dividend yields. The dividend list of past four years. - SSN

2070/71

Symbol

Bonus Share %

Cash Dividend %

Total Dividend %

Biratlaxmi Bikash Bank Limited
45
2.37
47.37
Muktinath Bikas Bank Ltd.
38
2
40
Excel Development Bank Ltd.
35
1.84
36.84
Sahayogi Vikas Bank
26
10
36
Hamro Bikas Bank Ltd.
7
20
27
Miteri Development Bank Limited
25
1.316
26.316
Subhechha Bikas Bank Limited
14.34
11.66
26
BRGHT DEVELOPMENT BANK LTD
20
5
25
Kailash Bikas Bank Ltd.
15
10
25
Karnali Development Bank Limited
25
0
25








2069/70

Symbol

Bonus Share %

Cash Dividend %

Total Dividend %

Excel Development Bank Ltd.
50
2.64
52.64
Sahayogi Vikas Bank
26
8.5
34.5
Bageshowori Dev.Bank
32.12
0
32.12
Paschimanchal Grameen Bikas Bank Limited
15
15
30
Muktinath Bikas Bank Ltd.
20
7.5
27.5
Swabalamwan Bikash Bank
14
13.368
27.368
Biratlaxmi Bikash Bank Limited
27
0
27
Garima Bikas Bank Limited
20
5
25
Miteri Development Bank Limited
20
5
25
Pacific Development Bank Limtied
22
1.13
23.13








2068/69

Symbol

Bonus Share %

Cash Dividend %

Total Dividend %

NIDC DEVELOPMENT BANK LTD.
54
0
54
Muktinath Bikas Bank Ltd.
22.5
27.5
50
City Development Bank Limited
15
14
29
Sahayogi Vikas Bank
26
0
26
Excel Development Bank Ltd.
25
0
25
Garima Bikas Bank Limited
10
15
25
Resunga Bikas Bank Limited
22
1.16
23.16
Triveni Bikas Bank Limited
10
13
23
Miteri Development Bank Limited
20
0
20
Sewa Bikas Bank Limited
20
0
20








2067/68

Symbol

Bonus Share %

Cash Dividend %

Total Dividend %

Resunga Bikas Bank Limited
15
11.32
26.32
Excel Development Bank Ltd.
0
25
25
Sahayogi Vikas Bank
20
2.88
22.88
Gandaki Bikas Bank Limited
10
10
20
Garima Bikas Bank Limited
0
18
18
Sewa Bikas Bank Limited
0
18
18
Triveni Bikas Bank Limited
17
0
17
City Development Bank Limited
10
6.5
16.5
Bishwa Bikas Bank Limited
0
15.79
15.79
Western Development Bank Limited
0
15.79
15.79
       
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Friday, August 21, 2015

NEPSE crosses level of 1200 to close at 1200.92 - NEW HISTORY MADE.

NEPSE index crosses the level of 1200 to close at 1200.92 recording surge of 9 points or 0.76 percent.

The total turnover of the day amounted Rs 77.31 crore where more than 16 lakh unit shares of 145 companies were traded through 5720 transactions.

The local bourse opened at 1191.93 this afternoon and went up to 1220 level within the initial hour and there after slipped meager points before closing at 1200.92 level.

Compulsorily trading of all commercial banks in demat led the investors ease in investing in those shares where the increase in demand of these shares has increased their respective share prices.

Maximum trading were done of shares like PRVU, SCBIL, NBB, GBIME, SBI, PCB, EBL and NABIL.

Shares price of companies like KMCDB, NICL, NLG, PIC, KBBL, JBBL and JEFL surged more than 8 percent today.

NEPSE has already broken the all-time high level and every surge in the level of the benchmark will take the NEPSE index to the new level.

HydroPower was the only sector to land in red today where Banking, Development and Finance gained 8.44 points, 10.42 points and 3.67 points respectively.

Insurance, Manufacturing and Others gained in double digits.- SSN

Prabhu Bank Ltd likely to issue 20% Right Share

Prabhu Bank Limited (PRVU) is in the final phase of acquiring Grand Bank and most probably  the integrated business will start by the end of Bhadra.

Special General Meeting (SGM) of Prabhu Bank Limited (PRVU) held on 7th Shrawan, 2072 had approved the acquisition of Grand Bank Limited. Prabhu Bank Limited (PRVU) acquiring Grand Bank Limited (GRAND) has been the first ever acquisition of a commercial bank by another in Nepal.

Ashok Sherchan, CEO of Prabhu Bank said, “ Prabhu bank has applied for the final approval in NRB and most probably NRB will be providing a final nod for joint operation within this week.”

Upon the NRB endorsement, the shareholders holding 100 units of Prabhu Bank shares will get  21.45 shares in premium, and the shareholders holding 100 units of Grand Bank will get 65.58 shares of Prabhu Bank, for that the separate book closure date will be published.

“Integrated operation of both the banks will commence by the end of Bhadra,”added Sherchan.

Prabhu Bank’s will also  be issuing 20 percent right shares to its shareholders within the a month.

“The right share has already received the ICRA rating and a separate book closure date will be published for it,” Sherchan said.

Nabil Investment Banking Limited has been assigned as the issue manager for the right issue.

Prabhu Bank has posted a net profit of Rs 1.03 arba in the fourth quarter of the last  fiscal year. The company reserve figure stands Rs 47.69  crore plus during the same period. The bank will pay out stock dividend this time to its shareholders from the profit of the last fiscal year.  The bank will not be providing any cash dividend as its NPL is at 7.39 percent.

However, any dividend will be claimed only on Rs 3.20 arba paid up capital.

The paid up capital of Prabhu will reach to Rs 5.92 arab after the issuance of 20% right share and after the finalization of the ongoing acquisition of Grand Bank and Nepal Development Bank.

It seems like Prabhu Bank will easily meet the paid up capital requirement of 8 arba within fiscal year  2074. -SSN

Reliable Microfinance Bittiya Sanstha IPO allotment - View Online IPO Results

Lamjung based--Reliable Microfinance Bittiya Sanstha Limited has concluded its IPO allotment yesterday at 5:00 PM at the premises of its issue manager Civil Capital Market Limited at Kamaladi, Kathmandu.

Reliable Microfinance had floated 1, 50,000 unit shares as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 5,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 45,246 applicants only 13,995 investors got the shares.- SSN

CLICK TO VIEW ONLINE IPO RESULTS OF Reliable Microfinance Bittiya Sanstha Limited

Womi Microfinance Bittiya Sanstha IPO allotment - View Online IPO Results

Dhading based--Womi Microfinance Bittiya Sanstha Limited has concluded its IPO allotment yesterday at 9:00 AM at the premises of its issue manager NMB Capital Limited at Babar-Mahal, Kathmandu.

Womi Microfinance had floated 1, 47,000 units share as part of its initial public offering (IPO). The offer closed on Ashad 25, 2072.

Of the total 135,240 shares set aside for the general public; 40 % or 54,096 kitta shares were put aside for retail investors and 60 % or 81,144 shares under “other investor” category.  Retail investors applied for a total of 65, 35,060 kitta shares and those in the others category demanded 1, 10, 67,500 kittas.

Since the allotment took place through lottery, all allottee were eligible for a minimum of 10 unit shares.

Given the high number of applicants, allocation on pro rata basis was not possible so the allotment was made through lottery system. Allotment of all applicants from minimum Rs 1,000 to maximum Rs 1,00,000 amount investors were decided through lottery.

Of the total 55,700 applicants only 13,598 investors got the shares.

There were only 77 invalid applicants. Altogether 68 staffs were allotted 4, 410 units and six mutual fund schemes were given 7,350 unit shares.

The microfinance has set aside 4,410 unit shares for its employees and 7,350 unit shares for the existing 6 mutual fund companies on pro rata basis. The mutual fund schemes are Nabil Balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, and Siddhartha Investment Growth Scheme- 1.

The microfinance company plans to raise Rs 1.47 crore through the offer. After the IPO, the paid up will reach Rs 3 crore from the current Rs 1.53 crore.

After the IPO, the promoter-public ratio in the company will be 51% to 49%. - SSN


CLICK TO VIEW ONLINE IPO RESULTS OF Womi Microfinance Bittiya Sanstha Limited