Sikles Hydropower Announces Dividend and Right Share!
Sikles Hydropower Company has exciting news for its investors! Following a board meeting on August 10th, the company has announced a dividend distribution plan. This announcement signifies a positive step for the company and its shareholders.
The dividend is being proposed from the accumulated profits of the last two fiscal years. The company is proposing a 15% bonus share on its current paid-up capital. In addition to the bonus shares, investors will also receive a cash dividend of 0.78% for tax purposes. This is great news for those holding Sikles Hydropower shares!
But that’s not all! Following the bonus share distribution, Sikles Hydropower also plans to issue a right share offering at a 1:1 ratio, meaning shareholders will be offered 100% of their current holdings. This is an excellent opportunity for existing investors to increase their stake in the company and potentially benefit from future growth. This rights issue will provide additional capital to the hydroelectric company.
However, it’s important to note that the proposed dividend is subject to approval from the upcoming Annual General Meeting (AGM). Only after the AGM approves the proposal will shareholders receive the dividend. Stay tuned for further updates on the AGM date and other important details. Stay informed about the stock market and the performance of this renewable energy stock! Don’t miss out on these potential investment opportunities!
