Api Power Company Limited Proposes 5.2632% Dividend for Fiscal Year 2082/83; How Much in Bonus Shares and Cash ?

Api Power Company Limited (API) proposes a 5.2632% dividend for FY 2082/83.

The meeting of the board of directors held on Kartik 18 has proposed a 5.2632% dividend for the fiscal year 2082/83. A 5% bonus share of Rs. 31.89 crore and a 0.2632% cash dividend (including tax) worth Rs.1. 67 crore has been proposed. The paid-up capital of the company is Rs. 6.37 Arba.

The dividend was subject to being distributed only after approval from the Electricity Regulatory Commission and endorsement by the company's upcoming AGM.

As of writing, API has its last trading day's closing at Rs. 336.30.