Asian Life Insurance Proposes 8.1578 Percent Dividend
January 28, 2024 | Investopaper
Asian Life Insurance Company Limited (ALICL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.
The board meeting of the insurance held on Magh 12, 2080 BS has decided to distribute a 8.1578 percent dividend. The total dividend includes a 7.75 percent bonus share and a 0.4078 percent cash dividend (for tax purposes).
As of Ashad’s end 2080 BS, ALICL has a paid-up capital of Rs 3.15 Arba. At this capital, the bonus share is worth Rs 24.45 crores while the cash dividend amounts to Rs 1.28 crores. Therefore, the company is planning to distribute a total dividend of Rs 25.74 crores.
The dividend is subject to approval from Nepal Insurance Authority, and the company’s upcoming annual general meeting (AGM).
From the previous fiscal year 2078/79, the company had provided a 8.945 percent dividend including a 8.50 percent bonus and a 0.445 percent cash dividend (for tax purposes).
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