Oriental Hotels Announces Dividend

Sep 25, 2018 Merolagani

Oriental Hotels (OHL) has announced dividend of the last FY. The board of directors meeting of the company held on September 24 decided to propose 15 percent stock and 11.32 percent cash dividend to its shareholders.

In the previous FY, the company distributed 18 percent stock and 6.21 percent cash dividend. The proposed dividend is subjected to approval from its upcoming AGM.

The company is conducting its 21st AGM on October 29 in Nepal Prasasanik Pratisthan, Jawalakhel. The company is closing its book on October 5, thus, the shareholders registered in its book till October 4 will be eligible to attend the AGM and obtain the announced dividend.

Presently, the company has paid-up capital of Rs 934.2 million that will reach Rs 1.07 billion after the bonus share distribution.

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