Kathmandu. Shivam Cement is set to pay the highest ever cash dividend of 29 percent. The company has also called a general meeting to approve the proposed dividend.

Accordingly, the general meeting of the company is scheduled to be held on November 30. If the meeting approves, the company's plan to distribute 29 percent cash dividend of the paid-up capital will be implemented.

At present, Shivam Cement has a paid up capital of Rs 4.40 billion. If the general meeting of the company on November 3 approves the proposed dividend, the company will distribute Rs 1.27 billion. Last year, the company had distributed a dividend of up to 24.21 percent. Last year, a cash dividend of Rs 1.65 billion was distributed.