Sikles Hydropower Proposes 13.375% Dividend for Fiscal Year 2082/83; How Much in Bonus Shares and Cash?
Summary
Sikles Hydropower Limited has proposed a 13.375% dividend for fiscal year 2082/83, including bonus shares worth Rs. 12.82 crores and a cash dividend of Rs. 65.36 lakhs for tax purposes. The payout remains subject to approval from the Electricity Regulatory Commission and endorsement at the company’s upcoming AGM.
Key Points
- Sikles Hydropower Limited has proposed a total dividend of 13.375% for fiscal year 2082/83.
- The proposal includes 12.706% bonus shares worth Rs. 12.82 crores and a 0.669% cash dividend worth Rs. 65.36 lakhs for tax purposes.
- The dividend will require approval from the Electricity Regulatory Commission and endorsement at the company’s upcoming AGM.
- The company’s existing paid-up capital is Rs. 97.75 crores, and its last traded price is Rs. 560.00.
