Nepal Hydro Developer Limited (NHDL) Announces Exciting Dividend and AGM!
Big news for NHDL shareholders! Nepal Hydro Developer Limited is proposing a significant dividend for the fiscal year 2081/82, alongside the announcement of their 19th Annual General Meeting (AGM). This is a great opportunity for investors in the hydropower sector.
The decision was made during the 95th board of directors meeting on Kartik 28, where they resolved to distribute a generous 9.47% dividend. This includes a 9% distribution as bonus shares and a 0.47% cash dividend specifically allocated for tax purposes. With a paid-up capital of Rs. 38.81 crore, the bonus shares amount to approximately Rs. 3.49 crores, while the cash dividend totals around Rs. 18.38 lakhs. This news is sure to excite investors looking at Nepal stock market.
It’s important to note that the proposed dividend distribution is still subject to approval by the Electricity Regulatory Commission and endorsement by the company’s shareholders during the upcoming 19th AGM. Keep an eye out for further announcements regarding the AGM date and details.
As of this writing, NHDL’s LTP (Last Traded Price) stands at Rs. 660.00. Investors interested in Nepal Hydro Developer Limited stock should carefully consider this information when making their investment decisions. Stay tuned for updates on the ERC approval and the AGM outcome! Make sure to research stock market trends and investment opportunities before making any final decisions on investing in NHDL shares.
This could be a great time to invest in hydro power companies and improve your investment portfolio.
