Mountain Energy Nepal Announces 10.5263% Cash Dividend, Calls AGM on Poush 08; When's the Book Closure?

Mountain Energy Nepal Limited (MEN) has proposed a 10.5263% cash dividend for the fiscal year 2078/79.

The company's meeting of the board held on 29th Kartik 2079, has proposed 10.5263% cash dividend from its profit maintained after FY 2078/079. This the first ever dividend proposed by the company.

The dividend will be distributed only after endorsement by the company's upcoming AGM going to be held on Poush 08, 2079. The book closure date is announced on Mangsir 27. Therefore, the shareholders maintained before that day are entitled to dividend payout and attend the AGM.

MEN closed at Rs. 755 yesterday.