Share MarketTwo companies announced bonus on Wednesday

Two companies announced bonus on Wednesday

Two companies announced bonus on Wednesday. An insurance company and a microfinance company announced the bonus on Wednesday.

On Wednesday, Everest Insurance (EIC) announced that it would distribute dividends to shareholders from last fiscal year’s profits.

Insurance has announced a bonus share of 6 percent of the current paid-up capital and a cash dividend of 0.31 per cent for tax purposes.

19 lakh 24 Thousand bonus shares listed on Nepse on Wednesday

Similarly, on Wednesday, Naya Sarathi Microfinance Financial Institution (NSLB) also announced to distribute to the shareholders from the last financial year’s profit.

Microfinance has declared a total dividend of 20 percent. Microfinance has announced to distribute 19 percent bonus share of the current paid up capital and 1 percent cash dividend for tax purposes as income tax will be levied on the shareholders who have purchased shares after Ashoj 5 , 2077.

Dividends will be distributed after the proposed dividend is approved by the regulatory body and passed by the next annual general meeting.

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