Sagarmatha Jalbidhyut Company Limited (SMJC) has proposed a 5% dividend for the fiscal year 2080/81. The board of directors has proposed a 4.75% bonus share and a 0.25% cash dividend, designed to cover taxes on the bonus shares. This proposal is based on the company’s existing paid-up capital of Rs. 1.12 Arba. Dividend distribution will proceed only after gaining approval from the Electricity Regulatory Commission and endorsement by the company’s upcoming AGM. As of writing, SMJC’s last traded price (LTP) is Rs. 578.40.
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