Api Power Company Proposes 7.89 Percent Dividend

January 6, 2023 | Investopaper

Api Power Company Limited (API) has announced dividends to the shareholders. The dividend declaration is from the fiscal year 2078/79.

The board meeting of the company held on Poush 21, 2079 BS has proposed a 7.8947 percent dividend. The total dividend includes a 7.50 percent bonus share and a 0.3947 percent cash dividend (for tax purposes). The company is planning to distribute Rs 30.35 crores worth of dividends.

As of Ashad’s end 2079 B.S., API has a paid-up capital of Rs. 3.84 Arba.

From the previous fiscal year 2077/78, Api Power Company had distributed a 11.05 percent dividend including a 10.50 percent bonus share and a 0.55 percent cash dividend.

The company will distribute the dividend after the approval from its upcoming 19th Annual General Meeting (AGM).

Related: Dividend Announcement By Hydropower Companies In Nepal


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