Dividend announcements fail to attract investors

Despite the attractive dividend announcements, lack of bonus shares dampened investor confidence and share prices failed to increase.

This year, the dividend offering has risen in comparison to last year especially by finance companies and development banks. However, since the past one and a half months, the stock index of the three subgroups commercial banks, development banks and finance companies  has remained static.

Global IME Bank launched ‘Easy Buy, Easy Pay’ scheme for Dashain & Tihar festival

Global IME Bank has launched a scheme called ‘Easy Buy, Easy Pay’ under which credit card holders of the institution will be extended credit facility to purchase goods worth Rs 25,000 to Rs 200,000 at zero per cent interest.

Prime Commercial Bank Ltd proposed 10% bonus shares & 5% cash dividend.

Prime Commercial Bank Limited has proposed 15 percent dividend -- 10 bonus shares and 5 percent cash – to its shareholders from the net profit it earned in the last fiscal year of 2069/70.

Chimile gives 295 % cash and 100 % bonus shares; expect higher dividends with 4 projects in pipeline

Chilime Hydropower Company Limited has distributed a mindblowing 295percent cash dividend and 100 percent bonus share to the shareholders from the net profit it made over the past decade.

The 17th Annual General Meeting of the hydropower developer held in the capital yesterday also decided to distribute 30 percent bonus share and 10 percent cash to the shareholders from the net profit it earned in the last fiscal year of 2069/70.

Metro Development Bank offers 16 % bonus share

Metro Development Bank has pledged 16 percent bonus shares to its shareholders from the net profit it earned in the last fiscal year.

A meeting of the development bank’s Board of Directors took the decision to this effect.