December 3, 2023 | Investopaper
Nepal Hydro Developers Limited (NHDL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.
The hydropower company has proposed a 7.37 percent dividend. The total dividend includes a 7 percent bonus share and 0.37 percent cash dividend (for tax purposes).
As of Ashad’s end 2080 BS, Nepal Hydro Developers has a paid-up capital of Rs 33.59 crores. At this capital, the bonus share is worth Rs 2.35 crores while the cash dividend amounts to Rs 12.27 lakhs.
The dividend is subject to approval from the company’s upcoming annual general meeting (AGM).
From the previous fiscal year 2078/79, Nepal Hydro Developers had provided a 5.2632 percent dividend, including a 5 percent bonus shares. Similarly, in the fiscal year 2077/78, the company had distributed a 7.3684 percent dividend, including a 7 percent bonus share. Likewise, in the fiscal year 2076/77, the company provided a 15.79 dividend to the shareholders, including a 15 percent bonus share and a 0.79 percent cash dividend.