Mountain Energy Nepal Announces Exciting Dividend for Shareholders!
Big news for Mountain Energy Nepal Limited (MEN) investors! The company has proposed a fantastic dividend of 21.0526% for the fiscal year 2081/82. This exciting announcement came after the 134th board of directors meeting held on Kartik 20.
What does this dividend entail? The proposal includes a 20% distribution in the form of bonus shares. In addition to the bonus shares, shareholders will also receive a 1.0526% cash dividend, intended to cover any applicable tax obligations.
Of course, this generous dividend proposal is still subject to approval. First, the Electricity Regulatory Commission needs to give its nod, and then the company’s upcoming Annual General Meeting (AGM) must endorse it. So, keep your eyes peeled for further updates!
Mark your calendars! The book closure date is Mangsir 17. This means that to be eligible for the dividend payout and to attend the AGM, you needed to be a registered shareholder by that date. If you held your MEN shares until then, congratulations – you’re in line for some returns!
Yesterday, MEN closed at a price of Rs. 622.00. Stay informed about the stock market and keep an eye on the share price for any fluctuations.
Keep track of MEN’s dividend history to understand their performance and potential future returns. Investing in the stock market involves risk, so always do your research and consult with a financial advisor before making any decisions. This stock dividend news could be a positive indicator for the Nepal stock market, making MEN shares an attractive investment option. Make sure to follow all the latest company news related to Mountain Energy Nepal Limited!
