December 15, 2022 | Investopaper
Hydroelectricity Investment & Development Company Limited (HIDCL) has declared a dividend to its shareholders. The dividend announcement is from the fiscal year 2078/79.
The board meeting of the company held on Mangsir 29, 2079 BS has proposed a 5.263 percent dividend to the shareholders. The total dividend includes a 5 percent bonus share and a 0.263 percent cash dividend (for tax purposes).
The bonus share amounts to Rs 106.38 crores while the cash dividend is worth Rs 5.59 crores.
The dividend is subject to approval from Nepal Government and the upcoming Annual General Meeting (AGM).
From the previous fiscal year 2077/78, HIDCL had distributed an 8.421 percent dividend, including an 8 percent bonus share.