Unilever Nepal shareholders to get Rs1020 per share dividend; AGM on Ashwin 5; LTP stood Rs 33,780

Unilever Nepal Limited (UNL) has announced dividend of Rs. 1020 per share on equity shares of Rs. 100 each to its shareholders. As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 28, 2073 proposed cash dividend of Rs. 1020 per share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from company’s upcoming Annual General Meeting (AGM) which is going to be held on Ashwin 5, 2073. Unilever is the highest dividend distributing companies in Nepal among all the listed companies and also the most expensive share in secondary market of Nepal. Earlier, The company had distributed Rs 990 per share cash dividend to its shareholders from the net profit earned in the fiscal year 2071/72. The last traded price of the company stands at Rs 33,780 as of August 10, 2016 in NEPSE. It is a subsidiary company of the Hindustan Unilever Company which owns an 80% stake in the company and rest 20% is owned by the general public of Nepal.