Taragaon Regency Hotel Limited (TRH) has announced a proposed 11% cash dividend (excluding tax) for the fiscal year 2080/81. The decision was made during a recent board of directors meeting.
The proposed dividend will be distributed from the company’s paid-up capital of NPR 1,962,120,200. The total payout is subject to approval at the company’s upcoming Annual General Meeting (AGM).
For context, TRH had declared a 15% dividend for the fiscal year 2079/80, showcasing a slightly reduced payout this year. Despite the decrease, the consistent dividend reflects the company’s commitment to rewarding its shareholders.
TRH shares closed at NPR 1,246.00 in trading yesterday, signaling strong investor confidence in the company.
The final decision regarding the dividend distribution will be made at the AGM, where shareholders will cast their votes