Asian Life Insurance Proposes 15.26 Percent Dividend

August 7, 2022 | Investopaper

Asian Life Insurance Company Limited (ALICL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2077/78.

The board meeting of the insurance held on Shrawan 20, 2079 BS has decided to distribute a 15.26 percent dividend. The total dividend includes a 14.50 percent bonus share and a 0.76 percent cash dividend (for tax purposes).

As of Ashad’s end 2079 BS, ALICL has a paid-up capital of Rs 2.53 Arba. At this capital, the bonus share is worth Rs 36.82 crores while the cash dividend amounts to Rs 1.93 crores. Therefore, the company is planning to distribute a total dividend of Rs 38.76 crores.

The dividend is subject to approval from Beema Samiti, and the company’s upcoming annual general meeting (AGM).

From the previous fiscal year 2076/77, the company had provided a 27 percent dividend including a 25 percent bonus and a 2 percent cash dividend (including for tax purposes).

Suggested Readings:

Dividend History Of Asian Life Insurance Limited (ALICL)


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