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Nepal Life Insurance Proposes 21.05% Dividend for FY 2081/82
Author
NEPSE TRADING
Nepal Life Insurance Company Limited (NLIC) has proposed a 21.05% dividend for the fiscal year 2081/82, amounting to approximately Rs. 1.90 billion.
The proposal was endorsed by the company’s 404th board meeting held on Mangsir 24. As per the decision, shareholders will receive a 16.05% cash dividend (including tax) and 5% bonus shares based on the existing paid-up capital of Rs. 9.02 billion.
The proposed dividend will come into effect only after approval from the Nepal Insurance Authority and the company’s upcoming Annual General Meeting (AGM).
As of the latest trading session, NLIC’s share price closed at Rs. 822.80.
