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Nepal Hydro Developer Limited (NHDL) has put forth a proposal for a 9.47% dividend for the fiscal year 2081/82. Additionally, the company has convened its 19th AGM.
In its 95th board meeting conducted on Kartik 28, a decision was made to issue 9% bonus shares and a 0.47% cash dividend (for taxation purposes) from the paid-up capital. With the company’s paid-up capital standing at Rs. 38.81 crore, the value of the bonus shares is Rs. 3.49 crores, while the cash dividend amounts to Rs. 18.38 lakhs.
The distribution of the dividend will occur only after receiving approval from the Electricity Regulatory Commission and the endorsement by the company’s forthcoming 19th AGM.
At the time of writing, NHDL has a last traded price (LTP) of Rs. 660.00.
