Taragaon Regency Hotel to Distribute 11% Cash Dividend to Shareholders

Taragaon Regency Hotel has announced an 11% cash dividend for its shareholders, derived from its earnings in the last fiscal year. The decision was made during the board of directors' meeting held on Thursday. The dividend, excluding taxes, will be disbursed upon approval in the Annual General Meeting (AGM) scheduled for January 9, 2024 (Poush 25, 2080 BS).

This announcement signals the company's commitment to rewarding its investors, reflecting a stable financial performance despite challenging market conditions in the tourism and hospitality sector. Shareholders can expect a tangible return on their investment, which is especially significant as the sector recovers from the impact of global disruptions in travel.