Jalvidhyut Lagani proposes 5% cash dividend; scrip trading at Rs 185

Jalvidhyut Lagani Tatha Bikas Company Limited (HIDCL) has announced dividend to its shareholders. As per the notice published in NEPSE today, the board meeting of the company held on Kartik 20, 2074 has announced 5% cash dividend (including tax) from the net profit it had earned in the FY 2073/74. The decision is subjected to the approval from concerned authority and upcoming AGM. From the net profit of FY 2072/73, it had distributed 5% cash dividend to its shareholders. Its current paid up capital stands at Rs 10.00 arba. It had earned Rs 49.09 crore in the fourth quarter of the FY 2073/74. Its earnings per share (EPS) stands at Rs 4.91 and net worth per share is at Rs 109.90.