Universal Power Company Announces 9 Percent Dividend

December 27, 2023 | Investopaper

Universal Power Company Limited (UPCL) has announced the dividend to the shareholders. The dividend declaration is from the accumulated profit until the fiscal year 2078/79.

The hydropower company has proposed a 9 percent dividend. The total dividend includes an 8.55 percent bonus share and a 0.45 percent cash dividend (for tax purposes).

As of Ashad’s end 2080 BS, Universal Power Company Limited has a paid-up capital of Rs 210.03 crores. At this capital, the dividend amounts to Rs 18.90 crores.

The company will distribute the dividend after the approval from its upcoming AGM.

Universal Power Company Limited is currently operating an 11 MW Tallo Khare Khola Hydropower Project in Dolakha district of Nepal.


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