Mountain Energy Nepal Proposes 15.79 Percent Dividend

January 8, 2024 | Investopaper

Mountain Energy Nepal Limited (MEN) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.

The board meeting of the company held on Poush 22, 2080 BS has proposed a 15.7895 percent dividend. The total dividend includes 15 percent bonus shares and 0.7895 percent cash dividend (for tax purposes).

As of Ashad’s end 2080 B.S., MEN has a paid-up capital of Rs. 1.96 Arba. At this capital, the bonus share amounts to Rs. 29.52 crores.

After the adjustment of bonus shares, the capital will increase to Rs. 2.26 Arba.

From the previous fiscal year 2078/79, MEN had distributed a 10.5263 percent cash dividend to the shareholders.

The company will distribute the dividend after the approval from Electricity Regulatory Commission and the upcoming  Annual General Meeting (AGM).


 

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