Arun Valley Hydropower Proposes Attractive Dividend for Fiscal Year 2081/82
Big news for Arun Valley Hydropower Development Company Limited (AHPC)! The company has announced a proposed dividend for the fiscal year 2081/82 that’s sure to excite investors.
During their meeting on Ashwin 01, the board of directors put forward a proposal for an 8.421% dividend. This includes an impressive 8% bonus share offering, coupled with a 0.421% cash dividend. Notably, the cash dividend allocation includes the necessary tax provisions for the bonus shares. With a current paid-up capital of Rs. 3.84 Arba, this announcement signals strong performance from the hydropower company.
It’s important to remember that this proposed dividend is still subject to approval. First, it needs the green light from the Electricity Regulatory Commission. Following that, it needs to be endorsed by the company’s upcoming 28th AGM (Annual General Meeting). So, keep an eye out for those updates!
For those following the stock market closely, as of this writing, AHPC’s last traded price (LTP) stands at Rs. 282.24. This dividend announcement could influence the stock price and investor sentiment, making it a crucial development for anyone interested in hydropower investments in Nepal. Stay tuned for more updates on AHPC and the final dividend approval. This is a key development for the Nepalese stock market and the energy sector.
