The board of directors meeting of the company held on September 17 decided to propose 8 percent stock and 0.421 percent cash dividend for tax purposes. However, upon disapproval from the Electricity Regulatory Commission, the BOD meeting held on December 24 has proposed of distributing 5 percent stock and 0.263 percent cash dividend to its shareholders.
The proposed dividend is subjected to approval from ERC and its upcoming AGM.
The meeting also decided to conduct its AGM on January 14.
In this regard, the company will close its book on January 2, thus, the shareholders registered in its book till January 1 will be eligible to attend the AGM and obtain the announced dividend.
