Nepal Telecom depositing dividends in shareholders' accounts

GP Chudal
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Nepal-Telecom-limited

Nepal Telecom Shareholders Receive Rs 40 Per Share Dividend

Shareholders of Nepal Telecom Limited (NTC) have received cash dividend of Rs 40 per share in their bank accounts from 2nd of Magh. The company has transferred the dividend amount to the shareholders’ accounts from the profit of the last fiscal year.

The company had decided to distribute the dividend in its 16th annual general meeting (AGM) held on 29th Poush. The AGM had approved a special resolution to give cash dividend of Rs 40 per share to the shareholders. The same dividend amount has been credited to the shareholders’ bank accounts from today.

The company had closed its books from Poush 19 to 29 for the purpose of AGM and dividend distribution. According to that, the shareholders who had bought the shares till 2080, Poush 18, were eligible for the dividend. The shares of the company are listed in Nepal Stock Exchange (NEPSE) and traded regularly.

The company has urged the shareholders who have not dematerialized their shares yet to update their bank accounts by dematerializing their shares. Dematerialization is the process of converting physical shares into electronic form, which makes the trading and transfer of shares easier and faster.

Nepal Telecom Limited (NTC) is the largest and oldest telecommunication service provider of Nepal. It is a state-owned company that offers various services such as voice, data, internet, mobile, and fixed line services. The company has a market share of more than 50% in the telecommunication sector of Nepal. The company has posted a net profit of Rs 8.38 billion and an earnings per share (EPS) of Rs 46.56 for the fiscal year 2078/79.
Published on: Jan 16, 2024
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