Nepal Hydro Developers Proposes Dividend; Book Close on December 24

Dec 17, 2021 12:52 PM Merolagani

Nepal Hydro Developers (NHDL) has announced dividend for the last FY. The board of directors meeting of the company held on December 16 decided to propose 7 percent stock and 0.3684 percent cash dividend to its shareholders.

The proposed dividend is subjected to approval from its upcoming AGM.

In order to endorse a proposal of the dividend, the company has called out its 15th AGM on January 12. For the AGM, the company is set to close its book on December 24, thus, the shareholders registered in its book till December 23 will be eligible to attend the AGM and obtain the announced dividend.

After the bonus share distribution, the paid-up capital of the company will increase to Rs 319.9 million.

 

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