KATHMANDU, Nov 29: Only around 12 percent of the listed hydropower companies have announced dividends to their shareholders out of their profits of the last fiscal year (FY).
According to Nepal Stock Exchange (NEPSE), only 12 out of 97 listed hydropower companies have announced their dividends as of mid-November, the end of the four months of the current FY. As per the government rules, the public limited companies need to declare their annual general meetings and their dividends by the second quarter of every FY. However, a number of hydropower companies have failed to conduct even their annual general meetings for years.
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Out of one dozen companies, Sahas Urja Limited is providing the highest dividend of 22.10 percent, including 21 percent bonus shares, to its shareholders. Mountain Energy Nepal stands second in a row, with the company providing 21.05 percent dividend.
Likewise, Bhagawati Hydropower is providing 20 percent dividend, including 14 percent bonus shares. Each of Mid Solu Hydropower and Sikles Hydropower has come up with 15 percent bonus shares.
Universal Power Company, Nepal Hydro Developer, Arun Valley Hydropower, Super Madi Hydropower, Singati Hydro Energy, Ngadi Group Power and Barun Hydropower are among others that have declared returns to their shareholders.
