Sagarmatha Jalbidhyut Company Proposes 5% Dividend; How Much in Bonus Shares and Cash?

Fri, Oct 25, 2024 9:37 AM on Dividend, Bonus & Rights, NEPSE News, Latest,

Sagarmatha Jalbidhyut Company Limited (SMJC) has proposed a 5% dividend for the fiscal year 2080/81.

The meeting of the board of directors has proposed a 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2080/81. The company's existing paid-up capital is Rs. 1.12 Arba.

The dividend will be distributed only after approval by the Electricity Regulatory Commission and endorsement by the company's upcoming AGM.

As of writing, SMJC has an LTP of Rs. 578.40.