IME Life Insurance Amends Dividend | To Provide 26.3158 Percent Dividend

May 5, 2024 | Investopaper

IME Life Insurance Company Limited (ILI) has revised the dividend to the shareholders. The dividend declaration is from the fiscal year 2079/80.

The life insurance company has proposed a 26.3158 percent dividend. The total dividend includes a 25 percent bonus share and a 1.3158 percent cash dividend (for tax purposes).

Previously, the board meeting of the insurance held on Baisakh 19, 2081 BS had decided to distribute a 34.5 percent dividend, including a 25 percent bonus share and a 9.5 percent cash dividend. However, as per the direction of Nepal Insurance Authority, the company has amended the dividend.

As of Ashad’s end 2080 BS, IME Life Insurance has a paid-up capital of Rs 4 Arba. At this capital, the bonus share amounts to Rs. 100 crores while the cash dividend is worth Rs. 5.26 crores. Hence, the company is planning to distribute dividend worth Rs. 105.26 crores.

From the previous fiscal year 2078/79, IME Life Insurance didn’t distribute any dividend to the shareholders.

The dividend is subject to approval from Nepal Insurance Authority and the upcoming AGM of the insurance.


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