Arun Valley Hydropower Announces Dividend! Stock Market News and Investor Alert
Arun Valley Hydropower Development Company Limited has just announced a dividend for its shareholders! This is exciting news for investors looking for investment opportunities in the Nepali stock market. Based on the profits from the last fiscal year, the company is proposing a dividend distribution that’s sure to get your attention.
The company is proposing to distribute an 8% bonus share from the paid-up capital as of the end of Ashar (Nepali calendar month). In addition to the bonus shares, the company will also be distributing a 0.421% cash dividend for tax purposes. This dividend announcement is a positive signal for the company and its shareholders, demonstrating its financial health and commitment to rewarding investors.
The Arun Valley Hydropower board of directors, in a meeting held on September 17th, made the dividend decision. Now, the distribution is pending approval from the Electricity Regulatory Commission. Once they receive the necessary permissions and the annual general meeting approves the proposal, shareholders will receive the dividend. This is a crucial step for Arun Valley Hydropower to formally approve the dividend for its shareholders.
Stock market updates such as this are crucial for staying informed about the Nepali stock market. Keep a close eye on your portfolio and be ready to capitalize on investment opportunities. This dividend announcement is an important piece of financial news for those following the Arun Valley Hydropower‘s performance and the broader hydropower sector in Nepal. Make sure to stay updated with stock market analysis from reputable sources. This dividend yield will be an important factor to consider when investing in Nepal!
