October 10, 2023 | Investopaper
Sanima Mai Hydropower Company Limited (SHPC) 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 Ashwin 15, 2080 BS has proposed a 10.5263 percent dividend. The total dividend includes a 10 percent bonus share and a 0.5263 percent cash dividend (for tax purposes). The company is planning to distribute Rs 30.89 crores as bonus share and Rs. 1.62 crore worth of cash dividends.
From the previous fiscal year 2078/79, Sanima Mai Hydropower had distributed a 5.2632 percent cash dividend to the shareholders.
As of Ashad’s end 2080 B.S., SHPC has a paid-up capital of Rs. 3.08 Arba.
The company will distribute the dividend after the approval from its upcoming Annual General Meeting (AGM). It is planning to organize its 12th AGM on Karthik 23, 2080 BS [November 9, 2023].
For the purpose of AGM, the book closure date is on Ashwin 24, 2080 BS. Hence, the investors holding/purchasing the shares of SHPC until Ashwin 23 will receive the dividend and can participate in the annual meeting.