Nepal Hydro Developer Limited (NHDL) has proposed a 7.3684% dividend for the fiscal year 2077/78.
The 69th meeting of the board of directors held on Poush 01 decided to distribute the dividend on the paid-up capital of Rs. 29.9 crores. 7% bonus shares worth slightly over Rs 2.09 crores and 0.3684% cash dividend (including tax) worth Rs 11.01 lakhs have been proposed.
The dividend will be distributed only after endorsement by the company’s upcoming AGM. The company had distributed 15% bonus shares and 0.7895% cash dividend for the fiscal year 2076/77. As of writing, NHDL has an LTP of Rs. 400.
The company has also called its 15th AGM on Poush 28. For the dividend and the AGM, Poush 13 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM.