Api Power Company Limited Proposes 5.2632% Dividend for Fiscal Year 2082/83; How Much in Bonus Shares and Cash ?
Summary
Api Power Company Limited has proposed a 5.2632% dividend for fiscal year 2082/83, including a 5% bonus share and 0.2632% cash dividend. The payout will require approval from the Electricity Regulatory Commission and endorsement at the company’s upcoming AGM.
Key Points
- Api Power Company Limited’s board proposed a 5.2632% dividend for FY 2082/83 after its meeting on Kartik 18.
- The proposal includes a 5% bonus share worth Rs. 31.89 crore and a 0.2632% cash dividend, including tax, worth Rs. 1.67 crore.
- The dividend can be distributed only after approval from the Electricity Regulatory Commission and endorsement by the upcoming AGM.
- API’s last trading day closed at Rs. 336.30.
