Salt Trading Corporation to distribute 25% bonus share and 10% cash dividend for FY 74/75; dividend similar as distributed in the previous year

Salt Trading Corporation Limited (STC) has published a notice on NEPSE regarding 35% dividend from the profits of FY 74/75 for the shareholders.

The company will be issuing 25% bonus shares and 10% cash dividend from the profits of FY 74/75. Since the company was unable to inform this decision to NEPSE within the stipulated time, the trading in this security was suspended.

The company had issued similar dividend of 25% bonus shares and 10% cash dividend for the previous year. The paid up capital of the company will increase to Rs.15.32 Crore after the adjustment of 25% bonus shares. The LTP of the same stands at Rs.478 per share.