10 Hydropower Companies Announce Dividends So Far, Who Declared How Much?
So far, 10 hydropower companies have announced dividends for fiscal year 2082/83. Among them, 4 companies are not listed on NEPSE, while 6 are listed. The proposed dividends will be distributed to investors only after approval by the upcoming annual general meetings.
Kathmandu. So far, 10 hydropower companies have announced dividends for fiscal year 2082/83. These companies have announced dividends to be distributed to their shareholders from the profits of the last fiscal year. The proposed dividends will be distributed to investors only after approval by the upcoming annual general meetings of the companies.
The hydropower companies that have announced dividends so far include United Idi Mardi and RB Hydropower, Bikash Hydropower, Sapsu Kalika Hydropower, Mandu Hydropower, Ashutosh Energy, Kabeli Hydropower, Hilton Hydro Energy, Super Madi Hydropower, Snow Rivers, and Arun Valley Hydropower Development Company.
Among the 10 companies that have announced dividends, Sapsu Kalika Hydropower, Ashutosh Energy, Kabeli Hydropower, and Hilton Hydro Energy are not listed on NEPSE.
Dividends Announced by Companies Not Listed on NEPSE
- Sapsu Kalika Hydropower: 5 percent cash dividend
- Ashutosh Energy: 18.9473 percent cash dividend
- Kabeli Hydropower: 16.3158 percent cash dividend
- Hilton Hydro Energy: 20 percent cash dividend
Dividends Announced by Companies Listed on NEPSE
United Idi Mardi and RB Hydropower has decided to distribute a total dividend of 5.2632 percent of its current paid-up capital for fiscal year 2082/83 from the accumulated profits of the last fiscal year. This includes 5 percent bonus shares and 0.2632 percent cash dividend for tax purposes. The company has not closed its books.
Bikash Hydropower Company has decided to distribute a total dividend of 10.5263 percent on its current paid-up capital of NPR 90 crore 91 lakh 1 thousand 300 for fiscal year 2082/83. This includes bonus shares equivalent to NPR 9 crore 9 lakh 10 thousand 130 at 10 percent and cash dividend equivalent to NPR 47 lakh 84 thousand 600.14 at 0.5263 percent for tax purposes. The company has not closed its books.
Mandu Hydropower has decided to distribute a 12 percent cash dividend (including tax) amounting to NPR 16 crore 36 lakh 36 thousand 440 on its current paid-up capital of NPR 1 arba 36 crore 36 lakh 37 thousand from the profit of the last fiscal year. The company has already completed its general meeting.
Super Madi Hydropower Limited has announced a 15 percent bonus share dividend amounting to NPR 34 crore 72 lakh 87 thousand 500 on its current paid-up capital from the profit of the last fiscal year, and 0.78947 percent cash dividend for tax purposes. The company has also completed its general meeting on Ashwin 1.
Snow Rivers has proposed a 10 percent bonus share and 0.5263 percent cash dividend for tax purposes on its current paid-up capital from the profit of the last fiscal year. The company will hold its general meeting on Ashwin 21 to approve the proposal. The company has set a book closure date for Ashwin 8 for one day for the meeting purpose. Therefore, shareholders holding shares until Ashwin 7 will receive the proposed dividend.
Arun Valley Hydropower Development Company has decided to distribute a total dividend of 5.263 percent on its current paid-up capital of NPR 4 arba 4 crore 4 lakh 3 thousand 150 from the profit and accumulated profit of the last fiscal year. This includes 5 percent bonus shares and 0.263 percent cash dividend for tax purposes.
The company has also decided to hold its 29th Annual General Meeting on Ashwin 27 to approve this dividend. The company has decided to close its books on Ashwin 13 for dividend and meeting purposes. This means only shareholders holding shares until Ashwin 12 will receive the dividend and participate in the meeting.