Unilever Nepal proposes cash dividend of Rs 100 per share only from the profit of FY 2076/77; LTP stands at Rs 19,404

Sun, Sep 27, 2020 10:12 AM on Dividend, Bonus & Rights, Stock Market, Latest,

Unilever Limited (UNL) has proposed a cash dividend of Rs 100 per share for its shareholders from the profit of FY 2076/77. The decline in the dividend payout ratio is mainly due to a decline in net profit because of the lockdown imposed and the outbreak of COVID-19.

The 161st Board of Directors meeting of Unilever Nepal Limited was held in a virtual manner i.e. (video call via Microsoft Team Site) at 15:45 PM NST on Friday, 25th September considering the current pandemic. The Board of Directors has approved the audited Annual Accounts of the Company for FY 2076/77 and thereby has recommended distribution of NPR 100 Per share as a dividend out of the profit available for appropriation.

The book closure date for the cash dividend purpose is on Kartik 27, 2077.

UNL is one of the most expensive scrips traded at the Nepal Stock Exchange currently. Its last trading price is Rs 19,404. The table below shows its dividend history: