Nepal Insurance Company Limited (NICL) has put forth a proposal for a 15.79% dividend for the fiscal year 2080/81.
In a board meeting conducted on Falgun 24, it was resolved to distribute 15% in bonus shares along with a 0.79% cash dividend (which includes the tax liability) from the paid-up capital. The company’s paid-up capital stands at Rs. 1.63 Arba. Consequently, the bonus shares amount to Rs. 24.66 Crores, while the cash dividend totals Rs. 1.29 Crores for tax considerations.
It is important to note that this dividend distribution is contingent upon receiving the green light from the Nepal Insurance Authority and the subsequent approval at the company’s upcoming AGM.
At the time of this report, NICL’s last trading price (LTP) is Rs. 994.00.
