Tue, Apr 16, 2024
Sarathi Nepal (SNBL) has announced dividend of the last FY.
The board of directors meeting of the company held on February 23 decided to propose 9.11 percent stock and 0.48 percent cash dividend to its shareholders.
The proposed dividend is subjected to approval from NRB and its upcoming AGM.
Hydropower companies are set to benefit from declining interest rates. The companies that are developing their projects by borrowing loans from banks and financial institutions (BFIs) will have less burden of interest from the interest cut.
