Asian Life Insurance Company Proposes 8.1578% Dividend for FY 2079/80; How Much in Bonus Shares and Cash?
Sun, Jan 28, 2024 10:41 AM on Dividend, Bonus & Rights, Latest,
Asian Life Insurance Company Limited (ALICL) has proposed an 8.1578% dividend worth Rs. 25.74 Crores for the fiscal year 2079/80.
The 188th meeting of the board of directors held on Magh 12 has decided to distribute 7.75% bonus shares and a 0.4078% cash dividend (for tax purposes). The bonus shares are worth Rs. 24.45 crores and the cash dividend is worth a little over Rs. 1.28 crores. The existing paid-up capital of ALICL is Rs. 3.15 Arba.
The dividend is subject to approval from the Nepal Insurance Authority, and the upcoming AGM.
As of writing, ALICL has its last trading day's closing at Rs. 681.50.
Dividend History:
