Dividend History of Nepal Lube Oil Limited (NLO)
Over the past eleven fiscal years, Nepal Lube Oil (NLO) has consistently rewarded its investors with both bonus shares and cash dividends, standing out among other companies listed in NEPSE. The company’s average annual dividend stands at an impressive 26.36%, which makes it one of the best stock in term of dividend history.
Since FY 2069/70, Nepal Lube Oil (NLO) has distributed a total dividend of 290% to its investors till date. During this period, NLO has distributed dividend ranging from 10 percent to 40 percent. Notably, the company has achieved remarkable milestones, offering returns as high as 40% in a single year on two occasions.
Recently for the year 2023, Nepal Lube Oil (NLO) has announced 30% dividend to its shareholders which includes 25% bonus share and 5% cash dividend.
Dividend History of Nepal Lube Oil Limited (NLO)
The table below presents the dividend history of Nepal Lube Oil (NLO) since FY 2069/70.
| Fiscal Year | Bonus Share (%) | Cash Dividend (%) | Total Dividend (%) |
|---|---|---|---|
2079/80 |
25 |
5 |
30 |
2078/79 |
25 |
5 |
30 |
2077/78 |
30 |
5 |
35 |
2076/77 |
– |
10 |
10 |
2075/76 |
– |
30 |
30 |
2074/75 |
10 |
30 |
40 |
2073/74 |
– |
25 |
25 |
2072/73 |
10 |
10 |
20 |
2071/72 |
– |
10 |
10 |
2070/71 |
– |
20 |
20 |
2069/70 |
20 |
20 |
40 |
About the Company
Nepal Lube Oil Limited (NLO) was established in 1983 as lube blending plant with trade mark agreement with Gulf Oil Corporation Limited. They provide high-quality lubricants and provides technical application expertise to customers in Nepal.
Nepal Lube Oil has 607,704 unit shares listed in Nepal Stock Exchange ( NEPSE) and is traded as NLO.
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