United Modi Hydropower Limited Announces 7% Bonus Share and Cash Dividend

United Modi Hydropower Limited (UMHL) has announced dividends to its shareholders from the profit of the last fiscal year. The company has decided to distribute 7 percent bonus shares based on its paid-up capital along with 0.36842 percent cash dividend for tax purposes. The decision was approved by the board of directors in its meeting held on Falgun 8. The proposed dividend will be distributed after receiving approval from the Electricity Regulatory Commission and endorsement by the upcoming Annual General Meeting.