The company will distribute 10.79 percent cash and 5 percent stock dividend including tax to the shareholders.
The proposed dividend is subjected to approval from its upcoming AGM. Oriental Hotels is conducting its 22nd AGM on October 24 in Nepal Prasasanik Prasishyan Pratisthan, Jawalkhel, Lalitpur at 11:00 AM.
For the AGM, the company is closing its book on October 15, thus, the shareholders registered in its book till October 14 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the company has a paid-up capital of Rs 1.074 billion that will reach Rs 1.128 billion after the bonus share distribution.