April 16, 2023 | Investopaper
National Life Insurance Company Limited (NLICL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
NLICL has proposed a 14.5 percent dividend. The total dividend includes an 8 percent bonus share and a 6.5 percent cash dividend (including for tax purposes).
As of Ashad’s end 2079 BS, National Life Insurance has a paid-up capital of Rs 4.64 Arba. At this capital, the bonus share is worth Rs 37.12 crores, and the cash dividend amounts to Rs 30.16 crores.
From the previous fiscal year 2077/78, National Life Insurance had distributed a 15.789 percent dividend, including a 15 percent bonus share and a 0.789 percent cash dividend (for tax purposes).
After the proposed 8 percent bonus share inclusion, the paid-up capital of NLICL will reach Rs. 5.01 Arba.
The company will distribute the dividend after the approval from Nepal Insurance Authority and the upcoming AGM.