Mandakini Hydropower to Distribute 5.2632 Percent Dividend
September 26, 2024 | Investopaper
Mandakini Hydropower Limited (MHL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2080/81.
The board meeting of the company held on Ashwin 9, 2081 BS has proposed a 5.2632 percent dividend (including for taxes). The total dividend includes a 5 percent bonus share and a 0.2632 percent cash dividend (for tax purposes).
As of Ashad’s end 2081 B.S., MHL has a paid-up capital of Rs. 61.59 crores.
The company will distribute the dividend after the approval from its upcoming Annual General Meeting (AGM).
From the previous fiscal year 2079/80, the hydropower company had provided a 5 percent dividend, including a 4.75 percent bonus share and a 0.25 percent cash dividend. Likewise, from the fiscal year 2078/79, MHL had distributed a 5 percent cash dividend to the shareholders.
The company is currently operating a Sardi Khola Hydropower project at Kaski District. The project is a Run-of-River type Hydropower project with an installed capacity of 4 MW.
Suggested Readings:
