NRN Infrastructure (NRN) Proposes 5.26% Dividend and Calls AGM, When's the Book Closure?

Mon, Dec 20, 2021 10:31 AM on Dividend, Bonus & Rights, Latest,

NRN Infrastructure and Development Limited (NRN) has called its 9th AGM on Poush 29.

The company has proposed a 5.26% dividend for the fiscal year 2077/78. The meeting of the board of directors held on Poush 02 decided to distribute the dividend on the paid-up capital. 5% bonus shares worth slightly over Rs 5.82 crores and 0.26% cash dividend (including tax) worth Rs 30.65 lakhs have been proposed.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM. Poush 15 is the book closure date. Thus, shareholders maintained before that are entitled to the dividend payout and can also attend the AGM.

The company had previously distributed 2.85% bonus shares and 0.15% cash dividend for the fiscal year 2076/77. As of writing, NRN has an LTP of Rs. 532.