Nepal Insurance Company Proposes 15.79% Dividend For FY 2080/81

Nepal Insurance Company Limited (NICL) has proposed a 15.79% dividend for the fiscal year 2080/81.

The meeting of the board of directors held on Falgun 24 has decided to distribute 15% bonus shares and 0.79% cash dividend (including the amount for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 1.63 Arba. Thus, the bonus shares are worth Rs. 24.66 Crores, and the cash dividend is worth Rs. 1.29 Crores for tax purposes.

Note that this dividend will be distributed only after approval from the Nepal Insurance Authority and endorsement by the company's upcoming AGM.

As of writing, NICL has an LTP of Rs. 994.00.

Dividend History: