Unilever Nepal has announced a cash dividend of Rs 1,540 per share for its shareholders after the company’s board of directors approved the distribution at a meeting held on Friday in Kathmandu. The company has set Mangsir 23 as the book closure date for its general assembly, with a report by OnlineKhabar giving the closure period as Mangsir 9 to 23. The newly announced dividend is Rs 302 per share lower than the Rs 1,842 per share paid the previous year.
Board approves Rs 1,540 cash dividend
The dividend decision was made by Unilever Nepal’s board of directors at its Friday meeting. The announcement concerns a cash dividend of Rs 1,540 for each share, making the declared amount the central detail for shareholders following the company’s latest board decision.
The company’s previous-year distribution was Rs 1,842 per share. Compared with that figure, the newly declared dividend is lower by Rs 302 per share. The two amounts provide a direct year-on-year comparison, although the information available does not specify the reasons for the change or provide other financial details behind the board’s decision.
The announcement comes from Kathmandu, where Unilever Nepal is identified as the most expensive company on the share market. That description relates to the company’s position in the market and is separate from the board’s dividend decision. No share price or other market figures were included in the announcement provided.
Book closure set for general assembly
Unilever Nepal has set Mangsir 23 as the book closure date for the purpose of its general assembly. OnlineKhabar reported the book closure period as running from Mangsir 9 to Mangsir 23. The announcement therefore includes both a stated closure date and a reported date range, details shareholders may wish to note when following the company’s general assembly arrangements.
A book closure is a company-set period associated with its shareholder records. In this announcement, the stated purpose is the general assembly. The information provided does not give the date, venue or agenda of that assembly, nor does it specify further procedural details concerning the dividend. Shareholders should refer to the company’s official notices for any additional information about the meeting or the distribution.
Dividend is lower than the previous year
The latest declaration follows a year in which Unilever Nepal paid Rs 1,842 per share. The new Rs 1,540 amount is lower, but the announcement does not state whether the board considered any particular financial, operational or market factors when deciding on the distribution. No further explanation should be inferred from the change alone.
For shareholders, the key details announced are the per-share cash dividend and the book closure information linked to the general assembly. The board approved Rs 1,540 per share on Friday, while the company has identified Mangsir 23 as the book closure date. The reported period of Mangsir 9 to 23 offers additional timing information, as reported by OnlineKhabar. The company’s previous-year payment of Rs 1,842 per share provides a point of comparison for the latest decision.
