CEDB Hydropower Proposes 11.5789 Percent Dividend

April 24, 2024 | Investopaper

CEDB Hydropower Development Company Limited (CHDC) has declared a dividend to its shareholders. The dividend announcement is from the fiscal year 2077/78 and 2078/79.

The board meeting of the company held on Baisakh 10, 2080 BS has proposed an 11.5789 percent dividend to the shareholders. The total dividend includes an 11 percent bonus share and and a 0.5789  percent cash dividend (for tax purposes).

As of Ashad’s end 2079 BS, the company has a paid-up capital of Rs 83.94 crores. At this capital, the bonus share is worth Rs. 9.23 crores while the cash dividend amounts to Rs 48.59 crores.

The dividend is subject to approval from its upcoming Annual General Meeting (AGM).

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