NRN Infrastructure & Development Limited has announced an attractive dividend for its shareholders. In a board meeting held on Tuesday, the company proposed a total dividend of 42% from last fiscal year’s profits.

The proposal includes 40% bonus shares and a 2.105% cash dividend to cover tax liabilities on the bonus shares.

To approve the proposed dividend, the company has scheduled its 13th Annual General Meeting (AGM) on Poush 4. Alongside dividend approval, the AGM will also consider a rights share issuance at a 1:1 ratio, aimed at strengthening the company’s capital base.

NRN Infrastructure’s plan to issue rights shares, in addition to regular dividend distribution, is expected to enhance the company’s investment capacity and support future growth.