Sunday, April 28, 2013

STC approves 25 per cent dividend

Salt Trading Corporation will distribute 25 per cent dividend to its shareholders.
The annual general meeting of the government promoted trading corporation approved distribution of 15 per cent cash dividend and 10 per cent bonus shares today.
In the last fiscal year, the corporation had undertaken transactions worth Rs 4.31 billion. "In the first eight months of the current fiscal year, our transaction has gone up by almost 20 per cent with trading of consumer goods worth Rs 3.76 billion," informed chairman of Salt Trading Laxmidas Manandhar.
The Nepse-listed corporation is the largest distributor of iodised salt in Nepal and has a pretty big market share in sugar also. Since the last two years, the company has also started bottling and selling liquefied petroleum gas to consumers.
The corporation is also one of the highest dividend payers among the listed companies. Last year, it had distributed 35 per cent dividend. Shares of the corporation were last traded in October, 2012 at Rs 226 per unit.

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