Butwal Power Company (BPCL) announces 20% cash dividend; dividend yield is 4.25% on LTP
- ShareSansar, April 9, 2018 on Featured , Latest , NEPSE News
According to the Board Meeting held on Chaitra 25, 2074, the company has decided to distribute 20% cash dividend to its shareholders from the Profit generated in Fiscal Year 2073/74. However the decision is still subject to approval from AGM.
The book closure for the AGM will be on Baisakh 27, 2075. And the AGM will be on Jestha 08, 2075.
Given the announcement, the price of BPCL’s scrip has fallen down in the market. After the issuance of FPO at Rs 501, bonus would have been more attractive to the investors. However, since it is cash dividend, the dividend yield stands at 4.25% on LTP (Rs. 470).
Due to the effect of this news, secondary market price plunged by Rs 30 per scrip where, 51,497 units exchanged hands through Rs 2.49 crore transaction in the market today.