KATHMANDU, Jan 12: Salt Trading Corporation (STC) has announced a dividend distribution for its shareholders. The STC Board of Directors has decided to allocate a cash dividend from the company’s profits.
The company will distribute a total of Rs 320,717,695 in dividends from the profit for the fiscal year 2023/24, which is based on the company’s paid-up capital.
The current paid-up capital of the STC stands at Rs 32,070,000.
In addition to the cash dividend, the corporation previously distributed 20 percent bonus shares. Last year, the company provided a 5 percent cash dividend and 10 percent bonus shares.