Himalayan General Insurance Proposes 7 Percent Dividend from FY 2077/78

January 6, 2022 | Investopaper

Himalayan General Insurance (HGI) 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 Poush 21, 2078 BS has proposed a 7 percent dividend. The total dividend includes a 6.65 percent bonus share and a 0.35 percent cash dividend.

As of Ashad’s end 2078 BS, Himalayan General Insurance has a paid-up capital of Rs 110.03 crores. At this capital, the bonus share is worth Rs 7.31 crores while the cash dividend amounts to Rs 38.51 lakhs.

The dividend is subject to approval from Beema Samiti and the upcoming Annual General Meeting (AGM).

From the previous fiscal year 2076/77, HGI had distributed a 6.75 percent dividend, including a 3 percent bonus share and a 3.75 percent cash dividend.

Suggested Readings:

Dividend History Of Himalayan General Insurance (HGI)

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