Nepse has adjusted the stock price of Laxmi Value Fund -1 for 15% cash dividend. Adjusted price of LVF1 is Rs.9.43.
It is adjusted according to rule that if any company distribute cash dividend more than 10% of the market price, than price will be adjusted as bonus share price adjustment rule.
Last trading price before book close was Rs.10.93. As per rule, 15% Cash dividend on par Rs. 10 will be Rs. 1.5 and 10% of market price Rs. 10.93 is Rs.1.093 Here, Cash dividend on Par value is greater than 10% of market value so price adjustment is made as per rule of bonus share adjustment.
Adjusted price for bonus = market price before price / 1 + bonus% of 1
