Dividend History Of Chilime Hydropower (CHCL)

September 19, 2020 | Investopaper

Chilime Hydropower (CHCL) is a leading hydropower company listed in Nepal Stock Exchange (NEPSE). At current, it operates 22.1 MW project located at Rasuwa district. The annual energy generation from the project is about 150 GWh. Nepal Electricity Authority (NEA) has 51 percent ownership in the company. Likewise, the general public posses 49 percent share out of which the locals own the 10 percent equity.

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Chilime Hydropower has provided generous dividend over the years. However, due to the increase in capital through issue of bonus shares, the dividend payout has declined in the recent years. CHCL started distributing the dividend from fiscal year 2060/61 in which it proposed 10 percent cash dividend to the shareholders. Chilime distributed the highest dividend of 70 percent percent in the fiscal year 2067/68 including 40 percent bonus shares.

In the fiscal year 2076/77, the hydropower proposed a 25 percent dividend including 20 percent bonus share. Chilime has yet to announce the dividend from the fiscal year 2076/77.

The history of dividend distribution by Chilime Hydropower (CHCL) is presented in the table below:

Dividend History Of Chilime Hydropower (CHCL)

Fiscal Year Cash Dividend (%) Bonus Share (%) Total Dividend  (%)
2060/61 10 10
2061/62 20 20
2062/63 35 35
2063/64 30 30
2064/65 35 35
2065/66 45 45
2066/67 60 60
2067/68 30 40 70
2068/69 20 30 50
2069/70 10 30 40
2070/71 15 20 35
2071/72 12 15 27
2072/73 10 10 20
2073/74 10 15 25
2074/75 5 20 25
2075/76 5 20 25

 

Chilime Hydropower has three subsidiary hydropower companies. These include:

1. Rasuwagadhi Hydropower Company Limited.
2. Madhya Bhotekoshi Jalavidhyut Company Limited.
3. Sanjen Jalavidhyut Company Limited.

Through its subsidiary companies, Chilime Hydropower is developing four hydropower projects with aggregate capacity of 270.3 MW. These projects are in the final stage of construction.

Rasuwagadhi Hydropower is currently developing 111 MW project while Madhya Bhotekoshi Jalavidyut company is constructing 102 MW power plant. Likewise, Sanjen Hydropower has two projects in its hand-14.8 MW and 42.5 MW. Chilime Hydropower owns 38 percent of Sanjen and Madhya Bhotekoshi hydropower. Similarly, it has 33 percent share in Rasuwagadhi Hydropower.

After the electricity generation by these projects, the profit of Chilime Hydropower is likely to increase due to the increase of dividend income from them. Hence, CHCL might raise its dividend to the shareholders in the coming year.

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